According to Foresight News, citing a report by Bloomberg, sources said that Hyperliquid is engaged in in-depth negotiations with Kraken’s parent company, Payward, with plans to offer perpetual contract trading to U.S. users through the latter.

If this transaction receives regulatory approval, U.S. users will be able to trade perpetual contracts through Payward’s Bitnomial trading platform, with the contract value tied to the token prices constructed by the Hyperliquid blockchain technology.