Hyperliquid in Talks With Kraken Parent to Bring Crypto Perps to US Traders
What the available feed establishes, why this development may matter and what the evidence cannot yet answer.
The story in one view
- Reported by
- Decrypt
- Coverage lens
- Companies and finance
- Published
- Evidence status
- Cross-source reports linked
What Decrypt reports
A deal would route the decentralized exchange's perpetual futures through Payward's US-regulated Bitnomial, marking Hyperliquid's first US entry—weeks after Trump said his administration was working to bring it onshore.
The immediate significance
The feed describes a company financing or operating decision. Its importance depends on completed terms, timing and the measurable effect on the business rather than the headline figure alone.
Decrypt and CoinDesk have also published a related feed report, giving readers another attributed account to compare without treating repetition as proof.
What remains unknown
- The extract does not include the complete transaction terms, financial statements or implementation timetable.
- No matched primary document independently supporting the central claim is linked to this page.
How the story developed
Decrypt and CoinDesk are reporting related developments. This timeline compares their attributed feed reports in publication order; separate coverage does not establish that every claim is true.
Decrypt Former SEC, CFTC Officials Urge Lighter Touch to Bring Crypto Perps Trading Onshore
With the Clarity Act stuck in recess limbo, the agencies are pressing ahead on crypto derivatives and custody, as former officials warn that overly burdensome rules will keep a $90 trillion perps market offshore.
DecryptCurrent briefing Hyperliquid in Talks With Kraken Parent to Bring Crypto Perps to US Traders
A deal would route the decentralized exchange's perpetual futures through Payward's US-regulated Bitnomial, marking Hyperliquid's first US entry—weeks after Trump said his administration was working to bring it onshore.
CoinDesk North Korean hackers are moving tens of millions on Hyperliquid as Trump pushes to onshore the crypto platform
Blockchain data reviewed by CoinDesk shows wallets tied to North Korea’s Lazarus Group sold more than $30 million in bitcoin on the platform in the last three weeks alone.
Related analysis and audio
Dated newsroom articles and official podcast notes selected by direct topic overlap with this report.
Kraken’s Secret Plan to Control the Future of Crypto | Daily Crypto Deep Dive
Kraken is no longer trying to be just another cryptocurrency exchange.
Read the notes and play the episode