🔥 Kraken parent company joins forces with Hyperliquid; $HYPE briefly surged to $80
Kraken parent company Payward plans to launch the first CFTC-regulated perpetual futures markets on Hyperliquid’s HIP-3 for U.S. customers. The launch is still awaiting approval.
Under the plan, Bitnomial will create and manage the markets, NinjaTrader Clearing will handle customer accounts, and Hyperliquid will serve as neutral on-chain infrastructure.
▪️ $HYPE is currently at 77.53 USDT (24h +1.24%)
▪️ 24h high: 80.65; low: 75.97
▪️ 24h trading volume: approximately 19.33 million USDT
▪️ Over the same period, $BTC 79,668 (-0.62%) and $ETH 2,304 (-0.73%)
The broader market is generally weak, yet HYPE is managing to rise against the trend, showing just how significant this news is.
I’m very bullish on this development. First, CFTC-regulated perpetual futures running on on-chain infrastructure marks the first time compliant finance has used Hyperliquid so directly as its underlying platform; this is more than just a partnership. Second, Kraken is a long-established, compliant U.S. exchange, and Jeff.hl has also publicly expressed excitement about the partnership—strong endorsements all around. Third, after peaking at 80.65 and pulling back to around 77, there’s clearly some short-term profit-taking. But staying in the green while BTC and ETH both closed lower shows that investors are buying into the story. The approval outcome will be the key thing to watch next.
Do you think on-chain perpetuals could become a new gateway for compliant derivatives in the U.S.?
$HYPE $BTC #Hyperliquid #Kraken #Binance Square
Kraken parent company Payward plans to launch the first CFTC-regulated perpetual futures markets on Hyperliquid’s HIP-3 for U.S. customers. The launch is still awaiting approval.
Under the plan, Bitnomial will create and manage the markets, NinjaTrader Clearing will handle customer accounts, and Hyperliquid will serve as neutral on-chain infrastructure.
▪️ $HYPE is currently at 77.53 USDT (24h +1.24%)
▪️ 24h high: 80.65; low: 75.97
▪️ 24h trading volume: approximately 19.33 million USDT
▪️ Over the same period, $BTC 79,668 (-0.62%) and $ETH 2,304 (-0.73%)
The broader market is generally weak, yet HYPE is managing to rise against the trend, showing just how significant this news is.
I’m very bullish on this development. First, CFTC-regulated perpetual futures running on on-chain infrastructure marks the first time compliant finance has used Hyperliquid so directly as its underlying platform; this is more than just a partnership. Second, Kraken is a long-established, compliant U.S. exchange, and Jeff.hl has also publicly expressed excitement about the partnership—strong endorsements all around. Third, after peaking at 80.65 and pulling back to around 77, there’s clearly some short-term profit-taking. But staying in the green while BTC and ETH both closed lower shows that investors are buying into the story. The approval outcome will be the key thing to watch next.
Do you think on-chain perpetuals could become a new gateway for compliant derivatives in the U.S.?
$HYPE $BTC #Hyperliquid #Kraken #Binance Square