Bitnomial Would Deploy Payward’s Planned HIP-3* Futures on Hyperliquid

Payward plans to use Hyperliquid to offer perpetual futures markets for U.S. clients, with Bitnomial set to operate and clear the proposed contracts if regulators approve the arrangement. Hyperliquid announced Monday, Oct. 26, that Payward, the parent company of Kraken, proposed using its network as infrastructure for the markets. Bitnomial would serve as the HIP-3* deployer, creating, owning and administering the markets and clearing and settling the contracts. Bitnomial is a CFTC-regulated designated contract market and derivatives clearing organization. NinjaTrader Clearing, a CFTC-registered futures commission merchant, would carry client accounts.

Source: TokenPost