Newsig · CoinDesk
Payward plans to offer U.S. clients onchain perpetual futures on Hyperliquid
Leveraging its $550 million acquisition of Bitnomial, Payward aims to become the first registered U.S. exchange to deploy markets on the Hyperliquid protocol.
Why it matters
BTC (Bitcoin) · Why linked: Payward (Kraken) launching onchain perpetual futures on Hyperliquid expands regulated U.S. crypto derivatives access Market context: bullish — broader regulated derivatives availability supports market participation and liquidity
ETH (Ethereum) · Why linked: Hyperliquid operates on Ethereum L1; expanded U.S.-regulated perps trading on the protocol benefits ETH ecosystem usage Market context: bullish — increased onchain derivatives activity on Hyperliquid may drive ETH-layer usage
HYPE · Why linked: Hyperliquid is the protocol being deployed; becoming the first registered U.S. exchange to list on it is a major endorsement Market context: bullish — institutional/regulated U.S. exchange integration is a strong positive catalyst for the protocol
How BTC usually react
This story is too recent for its own reaction record — we score each asset against the actual price move 24h after publication. These are the long-run figures across every event we have tracked for them.
| Asset | Events | Avg max move | Closed lower |
|---|---|---|---|
| BTC | 4 | +1.58% | 25% |
Curated by Newsig — News in. Signal out.
How the reaction data is measured · Editorial policy