Payward Seeks Regulated Deployment of Hyperliquid's HIP-3 for US Futures
Kraken's parent company Payward plans to deploy Hyperliquid's HIP-3 protocol for regulated perpetual futures trading in the US.
Kraken's parent company Payward plans to deploy Hyperliquid's HIP-3 protocol for regulated perpetual futures trading in the US. Hyperliquid (HYPE) is trading at $87.77, up 3.3% since this brief published. This is an original TLT brief based on reporting by Crypto Daily, with live market data added, as of Thu, 29 Oct 2026 12:00:07 UTC.
This move could expand regulated crypto derivatives access in the US while setting a precedent for compliance with financial regulations. It also highlights the growing institutional interest in decentralized derivatives protocols.
- Payward plans HIP-3 deployment for US perpetual futures trading
- Deployment is pending regulatory approval
- Hyperliquid's TVL stands at $1.79B with 0.8% weekly growth
- HYPE token up 4.49% in 24 hours
- Pump.fun Expands into Hyperliquid-Powered Perpetual Futures Trading
- Hyperliquid Policy Center Seeks SEC Rule Refinements for Crypto Assets
- Hyperliquid to Launch First CFTC-Regulated HIP-3 with Kraken Parent Payward
- Payward Seeks Regulated Deployment of Hyperliquid's HIP-3 for US Futures — this brief
Payward, the parent company of major crypto exchange Kraken, is planning to deploy 
Hyperliquid's HIP-3 protocol for regulated perpetual futures trading in the US. This move is contingent on obtaining the necessary regulatory approvals.
The deployment of HIP-3 aims to provide a compliant framework for trading crypto derivatives, which could attract more institutional participation in the space. This is particularly significant given the current regulatory scrutiny on crypto exchanges and derivatives products.
Hyperliquid's protocol is gaining traction, as evidenced by its total value locked (TVL) of $1.79 billion, which has increased by 0.8% over the past week, according to DeFiLlama. This suggests growing confidence in the platform's infrastructure.
The HYPE token, which is associated with the Hyperliquid protocol, has seen a 4.49% increase in price over the past 24 hours, currently trading at $85. This positive price movement may reflect market optimism about the potential regulatory approval and deployment of HIP-3.
The broader crypto market remains in a state of consolidation, with the total market cap at $2.76 trillion and 
Bitcoin experiencing a 1.46% decline in the last 24 hours. The Fear & Greed Index stands at 51, indicating a neutral market sentiment.
Since this brief published about 60 minutes ago, Hyperliquid (HYPE) has moved from $85.00 to $87.77 — +3.26%, a notable move.
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; intraday detail builds over the first day). 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 ≈ ₦121,407.85 (about $87.77), up 7.9% over 24 hours. The naira itself trades about 2.7% 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 29, 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.
Payward Seeks Regulated Deployment of Hyperliquid's HIP- — questions & answers
What is Hyperliquid's current TVL?
Hyperliquid's TVL is $1.79 billion, according to DeFiLlama.
What is the status of the HIP-3 deployment?
The deployment is pending regulatory approval.
How has the HYPE token performed recently?
The HYPE token is up 4.49% in the last 24 hours and 8.14% over the past week.
How much is 1 Hyperliquid worth in naira today?
About ₦121,407.85 at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $87.77. 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 up 3.26% since this brief first published — trading at $87.77 now versus $85.00 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 Crypto Daily. 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.