Hyperliquid to Launch First CFTC-Regulated HIP-3 with Kraken Parent Payward
Payward, the parent company of crypto exchange Kraken, is set to become the first CFTC-regulated deployer of Hyperliquid's HIP-3 protocol.
Payward, the parent company of crypto exchange Kraken, is set to become the first CFTC-regulated deployer of Hyperliquid's HIP-3 protocol. Hyperliquid (HYPE) is trading at $77.68, down 1.4% since this brief published. This is an original TLT brief synthesising 5 outlets (The Block, Coinfomania, Crypto Economy, and others), plus live market data, as of Mon, 26 Oct 2026 21:00:05 UTC.
This development marks a significant step toward regulated crypto derivatives trading in the U.S., potentially setting a precedent for compliance standards in the industry. It also highlights the growing collaboration between traditional regulatory frameworks and decentralized finance protocols.
- Hyperliquid says Kraken parent Payward to be first CFTC-regulated HIP-3 deployer ↗
- Payward Aims to Become First CFTC-Regulated HIP-3* Deployer ↗
- Hyperliquid outlines Payward’s bid for first regulated US HIP-3 markets ↗
- Kraken Parent Payward Eyes First CFTC-Regulated Hyperliquid Futures Market ↗
- Hyperliquid Taps Kraken Parent Payward to Lead Push for US-Regulated Perpetuals ↗
- Payward will be the first CFTC-regulated HIP-3 deployer.
- HIP-3 aims to facilitate regulated U.S. perpetual futures trading.
- Hyperliquid's TVL stands at $1.75B, showing steady market presence.
The Block and Coinfomania both report that Payward, Kraken's parent company, is set to become the first CFTC-regulated deployer of Hyperliquid's HIP-3 protocol. This collaboration is expected to pave the way for regulated U.S. perpetual futures trading. While both outlets agree on the core development, Coinfomania emphasizes the potential for reshaping crypto derivatives, while The Block focuses on the regulatory aspect. No discrepancies in the reported facts were found between the two outlets.
- Kraken Parent Payward Secures Full Crypto License in Dubai
- EQX Labs to Launch Tokenized US Stocks Trading on Hyperliquid, Excluding Direct Ownership
- Hyperliquid to Launch First CFTC-Regulated HIP-3 with Kraken Parent Payward — this brief
Hyperliquid, a decentralized finance platform, has announced that Payward, the parent company of major crypto exchange Kraken, will be the first CFTC-regulated deployer of its HIP-3 protocol. This move is a significant step toward integrating regulated trading practices within the decentralized finance ecosystem.
The HIP-3 protocol is designed to facilitate the trading of perpetual futures in a compliant manner within the U.S. market. By partnering with a CFTC-regulated entity like Payward, Hyperliquid aims to ensure that its platform adheres to the necessary regulatory standards, thereby fostering trust and legitimacy in the crypto derivatives space.
The Block and Coinfomania both corroborate this development, with Coinfomania highlighting the potential for reshaping the crypto derivatives landscape, while The Block emphasizes the regulatory compliance aspect. This collaboration could set a precedent for future partnerships between decentralized platforms and traditional financial regulators.
Hyperliquid's total value locked (TVL) currently stands at $1.75 billion, according to DeFiLlama, showing a relatively stable market presence despite recent market fluctuations. This figure underscores the platform's significant role in the DeFi sector.
In the broader market context, the total crypto market cap is at $2.74 trillion, with the overall market remaining flat. 
Bitcoin has seen a 24-hour decline of 0.89%, and the Fear & Greed Index is at 50, indicating a neutral market sentiment. Hyperliquid's native token, HYPE, is currently priced at $78.77, with a 24-hour increase of 2.24% and a 7-day gain of 1.12%.
Since this brief published about 3 hours ago, Hyperliquid (HYPE) has moved from $78.77 to $77.68 — -1.38%.
The chart plots HYPE's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from TLT's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 HYPE ≈ ₦107,500.96 (about $77.68), up 0.8% over 24 hours. The naira itself trades about 3.7% above the official rate on the P2P market, so a Nigerian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · October 26, 2026.
TLT reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
Hyperliquid to Launch First CFTC-Regulated HIP-3 with Kraken — questions & answers
What is the significance of the CFTC regulation for Hyperliquid's HIP-3?
The CFTC regulation signifies that Hyperliquid's HIP-3 will operate under compliant trading practices, potentially attracting more institutional investors and ensuring adherence to U.S. regulatory standards.
How does this partnership affect the crypto derivatives market?
This partnership could lead to increased legitimacy and trust in crypto derivatives trading, potentially attracting more participants and liquidity to the market.
What is Hyperliquid's current market position?
Hyperliquid has a TVL of $1.75 billion, indicating a stable market presence and significant role in the DeFi sector.
How much is 1 Hyperliquid worth in naira today?
About ₦107,500.96 at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $77.68. The naira price moves with both HYPE's US-dollar price and the USDT/NGN rate; use our Hyperliquid in naira page for any amount.
Has Hyperliquid's price moved since this brief was published?
HYPE is down 1.38% since this brief first published — trading at $77.68 now versus $78.77 at publication. TLT re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from The Block, Coinfomania, Crypto Economy, Bitcoin.com, Crypto.news, with the key figures cross-checked for agreement across them. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.