
Hyperliquid Names Payward First CFTC-Regulated HIP-3 Deployer
Hyperliquid said Kraken's parent Payward will be the first CFTC-regulated firm to deploy markets on its HIP-3 framework, pending approval.
Altcoins, ETH & general crypto

Hyperliquid said Kraken's parent Payward will be the first CFTC-regulated firm to deploy markets on its HIP-3 framework, pending approval.

A wallet opened large positions on the new 1,000x venue, traded ETH on Hyperliquid to move the midpoint it prices against, then closed out and withdrew.

Jeff Yan says the next network upgrade lowers the perpetual funding ceiling eightfold and doubles both HIP-4 deployment quotas. No date was given for it.

Open interest on the perpetuals venue reached $18 billion on Wednesday, four days after a $16.36 billion record. Markets with no crypto in them are doing much of the growing.

Wallets identified in 2024 sold more than $30 million of bitcoin on the venue over three weeks, converted the proceeds and moved them to three exchanges.