As of Oct. 28, Payward’s Hyperliquid Perpetuals Plan Awaits Clearance

Payward’s planned U.S. perpetuals product using Hyperliquid infrastructure still required specific regulatory approval as of Oct. 28, and the companies had announced no launch date for eligible customers. Payward, Kraken’s parent, announced Sept. 16 that it planned to use Hyperliquid to offer on-chain perpetual contracts to U.S. customers. The proposed arrangement divides responsibilities between Hyperliquid’s infrastructure and firms handling markets, clearing and customer accounts. Hyperliquid would supply its blockchain and on-chain order book. Bitnomial’s exchange and clearing entities would create and manage the markets and handle contract clearing and settlement, while NinjaTrader Clearing would hold customer accounts.