Kraken Parent Eyes First CFTC-Regulated Hyperliquid Market, HYPE $77 As of October 27, 2026, Hyperliquid news today is about a guest-list route into US trading. On October 26, the protocol sa
As of October 27, 2026, Hyperliquid news today is about a guest-list route into US trading.
On October 26, the protocol said Kraken parent company Payward intends to become the first CFTC-regulated deployer. Payward’spress release says the plan stays subject to regulatory approval.
It updates Payward’s September 16 announcement. The new piece is the testnet release of HIP-3*, a notable item in crypto news today.
The protocol (@HyperliquidX) announced this in its tweet on X, confirming that the Hyperliquid testnet upgrade carries the initial release. For Hyperliquid news today, that matters because specifications remain preliminary.
Payward (@Payward) also covered this news in itstweet on X on September 16, saying the Payward Hyperliquid tie-up is building permissioned markets for US clients.
HIP-3 lets independent deployers run their own perpetual markets on the protocol. HIP-3* adds optional controls on top.
HIP-3 stake: A deployer must stake 500,000 HYPE for at least 183 days, per theofficial docs. At $77.56, that equals about $38.8 million. The press release does not address staking.
HIP-3* allowlist: An onchain allowlist, managed by the deployer or sub-deployers, limits who can trade. Use is optional, and existing markets stay unchanged.
Status: Is HIP-3 star live on mainnet? No. It is on testnet only, and specifications may change.
Bitnomial is a CFTC-regulated DCM and DCO, per Payward. Under the plan, the Bitnomial Hyperliquid deployer role would cover creating, owning and administering the markets.
Entity
Proposed role
Bitnomial
HIP-3 deployer; clears and settles contracts
NinjaTrader Clearing FCM
Carries client accounts, if approved
The protocol
Onchain infrastructure layer
Not yet. Kraken has not launched there, and the Kraken Hyperliquid plan needs approval first.
Hyperliquid news today confirms intent only. If approved, only accounts onboarded by NinjaTrader and on both firms’ allowlists could trade.
Payward said a US client would open a futures account with its registered broker. Hyperliquid US clients would then access CFTC regulated perpetual futures, though the release names no first contracts.
It also cites CoinGecko data of over $85 trillion in global perpetual futures volume during 2025.
Data from CoinGecko, as of October 27, 2026:
Metric
Value
HYPE price today
$77.56
24h change
+0.9%
24h range
$76.69 to $80.47
Market cap
$17.25B
24h volume
$739.013M
Rank
#11
The Hyperliquid market cap stands at $17.25B, and the HYPE token price moved within a $3.78 range. For Hyperliquid HYPE news, no source reviewed links that move to the plan.
Analysts following crypto news may read the plan as a compliance test for an onchain perpetual futures exchange, not a price catalyst.
An allowlist could let regulated firms meet US-regulated crypto derivatives rules while using the same infrastructure.
Permissioned perp markets may still differ from the open access of existing markets, and demand for Hyperliquid perpetual futures is untested.
Approval timing and the first contracts remain unannounced. HYPE price impact, if any, is uncertain, and Hyperliquid news today will likely turn on regulatory steps.
Disclaimer: This article is for information only and is not financial, legal, or investment advice. Crypto assets are volatile, and you can lose money. Verify details with official sources before making any decision.
