#Hyperliquid designates #payward , Kraken’s parent company, as the first prospective provider of CFTC-regulated perpetual contracts.
Hyperliquid has formally designated Payward, the parent company of cryptocurrency exchange Kraken, as its first prospective provider of CFTC-regulated perpetual contracts (HIP-3), a move that would enable regulated perpetual contract trading on the Hyperliquid network under U.S. oversight.
HIP-3 is Hyperliquid’s framework for deploying perpetual contracts on its platform. If approved, Payward would become the first entity to operate under this structure with CFTC regulatory status. However, several conditions remain outstanding: CFTC approval has not yet been granted, no launch date has been announced, and the HIP-3 mainnet is not yet operational.
This development signals a broader effort to bring U.S.-regulated derivatives infrastructure to decentralized trading platforms, with Hyperliquid positioning itself as a venue for regulation-compliant perpetual contracts.
#Kraken #usa #Liquidations
Hyperliquid has formally designated Payward, the parent company of cryptocurrency exchange Kraken, as its first prospective provider of CFTC-regulated perpetual contracts (HIP-3), a move that would enable regulated perpetual contract trading on the Hyperliquid network under U.S. oversight.
HIP-3 is Hyperliquid’s framework for deploying perpetual contracts on its platform. If approved, Payward would become the first entity to operate under this structure with CFTC regulatory status. However, several conditions remain outstanding: CFTC approval has not yet been granted, no launch date has been announced, and the HIP-3 mainnet is not yet operational.
This development signals a broader effort to bring U.S.-regulated derivatives infrastructure to decentralized trading platforms, with Hyperliquid positioning itself as a venue for regulation-compliant perpetual contracts.
#Kraken #usa #Liquidations
