Community curated by people like you

Ashley Ebersole stories

Oct 26, 2026

Hyperliquid names Kraken parent Payward as first CFTC-regulated HIP-3 deployer

Hyperliquid announced on October 26, 2026, that it intends to make Kraken parent company Payward the first CFTC-regulated deployer on its HIP-3 permissioned markets, as the decentralized trading protocol develops functionality for regulated participants.

Oct 26, 2026·2 sources

00

Top claims

▪Former senior SEC counsel Ashley Ebersole estimated in September 2026 that CFTC regulatory approval for Payward's HIP-3* onshore perps deployment could take up to a year and involve both the SEC and CFTC
▪Trades on Payward's proposed HIP-3* U.S. perpetual futures markets would match on Hyperliquid's onchain order book
▪The standard HIP-3 framework, live since October 13, 2025, allows anyone staking 500,000 HYPE to deploy perpetual futures markets on Hyperliquid

Topics

Crypto regulation Crypto exchanges Commodity Futures Trading Commission Institutional crypto adoption DeFi derivatives DeFi regulation Derivatives & perps DeFi Decentralized exchange (DEX)

Related entities

United States Hyperliquid