Hyperliquid is in advanced negotiations to launch perpetual futures trading for US customers through Payward, the parent company of crypto exchange Kraken. The move comes weeks after President Trump signaled his administration's support for bringing the platform stateside.
The talks represent a significant step for Hyperliquid, which has rapidly grown its derivatives trading operations. By partnering with Payward, the platform could access US market infrastructure while navigating regulatory requirements that have limited other exchanges.
Payward's involvement signals confidence from an established player in crypto. Kraken has maintained US regulatory compliance and could provide the operational backbone needed for Hyperliquid's US launch.
Hyperliquid specializes in perpetual futures—leveraged derivative contracts that allow traders to bet on crypto price movements without holding assets. The platform has gained traction among institutional and retail traders seeking alternatives to traditional exchanges.
Trump's recent public support for accelerating crypto adoption in the US has created momentum for regulatory clarity. Industry observers note that administration backing could streamline approval processes for platforms seeking US entry.
No official timeline or regulatory status has been announced. The deal's completion would depend on meeting US compliance standards and obtaining necessary approvals.
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Hyperliquid Labs is in advanced talks to launch perpetual futures trading to US customers through Payward, the parent company of crypto exchange Kraken. The move comes weeks after President Trump indicated efforts to bring the offshore platform onshore.
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