Decentralized Exchange Hyperliquid Eyes US Market Entry via Kraken Parent

VERA Brief

AI-generated. Grounded in the article and its cited sources.

Decentralized perpetual futures exchange Hyperliquid is in discussions with Payward, the parent company of Kraken, to enter the US market. This potential partnership would involve routing Hyperliquid's products through Payward's US-regulated subsidiary, Bitnomial.

Key facts

• Hyperliquid is a decentralized perpetual futures exchange.
• Payward is the parent company of Kraken.
• Hyperliquid is reportedly in discussions with Payward to enter the US market.
• The proposed arrangement would involve routing Hyperliquid's perpetual futures through Bitnomial.
• This would be Hyperliquid's first direct offering to US-based traders.