Kraken’s Parent Company Reportedly Eyes Hyperliquid as HYPE Tests $75 Support

Hyperliquid, a decentralized exchange focused on perpetual futures trading, has reportedly attracted attention from the parent company of Kraken. AMBCrypto reported the development, tying it to renewed scrutiny of HYPE, the platform's native token, as it approaches a closely watched $75 level. Hyperliquid operates as an on-chain order book exchange, distinguishing it from many decentralized platforms that rely on automated market makers. It has built a reputation for high throughput and low latency, drawing comparisons to centralized exchange infrastructure while keeping trading activity on-chain.