Kraken's parent company is bringing crypto perpetuals to the US

00:00 Speaker A

First story though we have today is that Hyper with Liquid has chosen a dancing partner in the United States and it is Kraken. Everybody wants a piece of those sweet perpetual swaps on chain that Hyper Liquid has been pushing all over the planet.

00:13 Speaker A

Well, here it is. Kraken's parent payward, of course, every headline now seems to start with Kraken's parent parent payward. I made that joke to Arjun, their CEO recently.

00:27 Speaker A

Kraken's parent plans regulated US perpetual futures on Hyper liquid.

00:36 Speaker A

So on October 26th, which is yesterday, Hyper Liquid said that Kraken is its intended first CFTC regulated HIP-3 deployer. That is a mouthful.

00:51 Speaker A

Basically, what that means is that this would serve eligible clients in the United States to be able to use Hyper Liquid. Now, Hyper Liquid exploded uh on chain for actual crypto trading.

01:02 Speaker A

But then when silver and gold went crazy and of course, of course oil futures and then pre IPO SpaceX, Hyper Liquid became the preferred place even for a lot of institutions to trade, but also to find out what was happening on the weekend 247 365 at night with price discovery and still has become that venue.