In brief

• Hyperliquid is in advanced talks to bring its perpetual futures to US traders through Kraken parent Payward’s regulated Bitnomial exchange and clearinghouse, according to Bloomberg
• The arrangement would solve the core issue keeping the Singapore-based, decentralized platform—which handles over $4 billion in daily volume with no central operator—out of the US.
• The talks follow Trump’s remarks that his administration was working to bring Hyperliquid onshore, and come as the SEC and CFTC push to pull offshore perps trading back onto U.S. platforms.