Hyperliquid says Kraken parent Payward to be first CFTC-regulated HIP-3 deployer

What happened: Hyperliquid plans to make Kraken parent Payward the first CFTC-regulated HIP-3 deployer, a step toward regulated U.S. perpetual futures. Why it matters: The move is framed as progress toward regulated U.S. perpetual futures, with a CFTC-regulated entity acting as the first HIP-3 deployer.

Hyperliquid plans to make Kraken parent Payward the first CFTC-regulated HIP-3 deployer, a step toward regulated U.S. perpetual futures.

The move is framed as progress toward regulated U.S. perpetual futures, with a CFTC-regulated entity acting as the first HIP-3 deployer.