Hyperliquid outlines Payward’s bid for first regulated US HIP-3 markets

Hyperliquid has outlined Payward’s plan to become its first CFTC-regulated HIP-3* market deployer, with Kraken’s parent seeking to offer onchain perpetual futures to US clients through Bitnomial, subject to regulatory approval. Payward plans regulated US perpetual futures on Hyperliquid through Bitnomial, subject to regulatory approval. NinjaTrader Clearing would carry client accounts, with trading restricted to customers on both entities’ allowlists. HIP-3* permissioning remains optional, leaving existing markets unchanged while preliminary specifications undergo testnet review. Bitnomial would create and administer the proposed markets, taking responsibility for contract clearing and settlement. Hyperliquid said in an Oct.

Source: crypto.news