Grayscale Sees US Perpetuals Plan Opening Hyperliquid Market for HYPE

• —Payward disclosed the plan Sept. 16, starting with Hyperliquid's permissioned HIP-3 markets now on testnet
• —CFTC-regulated Bitnomial would create and clear the markets, with Ninjatrader Clearing carrying accounts
• —Hyperliquid averaged about $9 billion in open interest in Q2, up 54% year over year
• —Nearly all Hyperliquid trading fee revenue is directed toward buying HYPE