Payward Seeks Approval for U.S. Hyperliquid Perpetual Futures
Payward's U.S. Hyperliquid perpetual futures proposal needs approval; BTC-ECHO reported HYPE at around $97 and no launch timetable.
Why it matters
The proposal would extend Hyperliquid's onchain infrastructure to U.S. customers and put the first builder-deployed HIP-3 markets under U.S. regulatory approval. BTC-ECHO reported that final regulatory consent remained pending and no timetable existed.
Where the sources disagree
U.S. launch status
Parent company of Kraken
Bitcoin.com News, BTC-ECHO
Partner of Kraken
Crypto News (CryptoNews.net)
Crypto News describes Hyperliquid as set to launch, while Bitcoin.com News calls the U.S. offering conditional on regulatory approval and BTC-ECHO says no timetable exists.
Key facts
Payward disclosed on Sept. 16 a proposal to offer U.S. customers perpetual futures through Hyperliquid's HIP-3 markets.
Reported by Bitcoin.com News
Bitcoin.com News and BTC-ECHO identify Payward as Kraken's parent company, while Crypto News calls it a partner of Kraken.
Disputed figureReported by Crypto News (CryptoNews.net)
The proposed U.S. markets remain subject to regulatory approval.
Reported by Bitcoin.com News
The preliminary HIP-3 markets are builder-deployed, permissioned and live on testnet.
Reported by Bitcoin.com News
Payward would use Hyperliquid as technical infrastructure without offering derivatives on HYPE itself.
Reported by BTC-ECHO
HIP-3 requires market operators to deposit HYPE.
Reported by BTC-ECHO
Hyperliquid averaged approximately $9 billion in open interest during Q2 2026.
9,000,000,000 USDReported by Crypto News (CryptoNews.net)
HYPE traded at around $97 after first moving above $90 on Sept. 18.
97 USDReported by BTC-ECHO
What happened
Bitcoin.com News reports that Payward disclosed a proposal on Sept. 16 to offer U.S. customers perpetual futures through Hyperliquid's HIP-3 markets. Its first proposed markets are builder-deployed, permissioned and live on testnet, according to Bitcoin.com News. Bitcoin.com News says the U.S. proposal remains subject to regulatory approval, while BTC-ECHO reported no timetable; Crypto News instead described Hyperliquid as set to launch. BTC-ECHO says Payward would not offer derivatives on HYPE itself, while HIP-3 would require market operators to deposit HYPE. Crypto News reported approximately $9 billion in average open interest for Q2 2026, and BTC-ECHO put HYPE at around $97 after it first crossed $90 on Sept. 18.
How the story developed
- Official statement
Payward discloses U.S. Hyperliquid proposal
The proposal would offer U.S. perpetual futures through HIP-3 markets.
- Update
HYPE crosses $90
HYPE first moved above $90 on Sept. 18.
- Update
Grayscale assesses U.S. proposal
Grayscale Head of Research Zach Pandl published an analysis on Sept. 21.
- First report
First report by Crypto News (CryptoNews.net)
Hyperliquid Expands to the US Amid Growing Interest
- Update
No approval timetable reported
BTC-ECHO said final regulatory consent remained pending and no timetable existed.
- Official statement
Official statement from Bitcoin.com News
Grayscale Sees US Opportunity for Hyperliquid in Kraken Parent Plan
- Update
Preliminary HIP-3 markets enter testnet
The proposed builder-deployed permissioned markets are live on testnet.
How coverage built up
Independent sources over time, counted the way the consensus panel counts them: a republication of a wire story does not move the line.
- 22 Sept 2026, 12:16 UTC: Crypto News (CryptoNews.net) — 1 independent source, 1 reports
- 23 Sept 2026, 09:54 UTC: Bitcoin Insider — 2 independent sources, 2 reports
- 24 Sept 2026, 01:30 UTC: Bitcoin.com News, official — 3 independent sources, 3 reports
- 24 Sept 2026, 15:00 UTC: BTC-ECHO — 4 independent sources, 4 reports
Affected entities
Also mentioned: Commodity Futures Trading Commission, Tether USDt, USD Coin, Chainlink
Original sources
| Publisher | Report | Role | Published |
|---|---|---|---|
| Bitcoin.com News Company, official | Grayscale Sees US Opportunity for Hyperliquid in Kraken Parent Plan | Independent | |
| Crypto News (CryptoNews.net) Aggregator | Hyperliquid Expands to the US Amid Growing Interest | Original | |
| BTC-ECHO Crypto media | Rekord-Serie reißt nicht ab: Hyperliquid stürmt auf neues Allzeithoch | Independent | |
| Bitcoin Insider Aggregator | HYPE Token Nears $100 as Hyperliquid Expands Toward US Market | Syndicated |
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