Payward plans perpetual futures markets on Hyperliquid blockchain
- Reports
- 3
- Developments
- 1
- Repetition
- 67%
New informationRepeats or wire copies
What happened
Payward announced plans to offer perpetual futures to U.S. clients on the Hyperliquid blockchain via Bitnomial, a CFTC regulated exchange. The company clarified that it intends to launch its own perpetual markets on the blockchain, rather than launching futures specifically tied to the HYPE token.
From aol.com
Why it matters
The proposal represents Payward's expansion into regulated U.S. markets. Although the announcement drove up the price of HYPE, the report notes that the cash-settled perpetuals do not route funds into the HYPE spot market, meaning the listing is not a token demand catalyst.
From aol.com
Who's involved
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- PaywardSpeculative
Payward could see increased demand for its regulated perpetual markets.
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The entities involved
Related events
- Payward is expanding into South Korean markets and bringing Hong Kong-listed stocks onchain, competing in the tokenized equities market.
- Kraken and Payward facilitate tokenized assets, including SpaceX IPO shares and UK equities, through new partnerships.
- Payward is integrating with SoFi's network and listing SoFiUSD on Kraken's multi-asset trading platform.
- Payward, now the parent company of Kraken, is expanding its financial services through a partnership with SoFi.