Exchanges· ★★★· neutral·

Hyperliquid Tests Permissioned Markets for Payward's US Perps Plan

  • —Allowlists would be optional and leave existing Hyperliquid markets untouched
  • —The effort is tied to Payward's (Kraken) plan for CFTC-regulated US perpetuals
  • —The proposed US contracts have not yet received regulatory approval
Why it matters: If permissioned markets work, Hyperliquid could serve regulated US clients without altering its core protocol.
Source: The Defiant