Hyperliquid unveils HIP-3* to support regulated US perpetual futures through Payward

Hyperliquid has outlined plans to introduce permissioned perpetual futures markets through its HIP-3* framework, with Kraken parent Payward intending to become the first CFTC regulated deployer to offer the products to US customers. Payward, the parent company of Kraken, announced its intention to be the first CFTC-regulated deployer on HIP-3* markets. Payward will use Hyperliquid as the infrastructure layer to deploy perpetual futures markets for US clients. Subject to regulatory approval, Bitnomial,… — Hyperliquid (@HyperliquidX) October 26, 2026 Under the proposed arrangement, Payward would use Hyperliquid as the underlying blockchain infrastructure, while its CFTC regulated exchange and clearinghouse Bitnomial would create, administer, clear and settle the perpetual futures contracts. NinjaTrader Clearing, Payward’s registered futures commission merchant, would manage customer accounts. The proposed offering remains subject to regulatory approval. The announcement briefly pushed Hyperliquid’s native token HYPE above $80 before it retreated to approximately $79.65 at press time. The rebound followed a broader weekend crypto selloff that sent HYPE near $74 on Saturday. Bitcoin al...