Hyperliquid to Launch CFTC-Regulated HIP-3 with Kraken Parent Payward
Payward, the parent company of Kraken, will be the first to deploy Hyperliquid's regulated HIP-3 platform for crypto derivatives.
Payward, the parent company of Kraken, will be the first to deploy Hyperliquid's regulated HIP-3 platform for crypto derivatives. Hyperliquid (HYPE) is trading at ₹7,513 ($78.95), up 0.2% since this brief published. This is an original Token Times brief synthesising 2 outlets (The Block, Coinfomania), plus live market data, as of Mon, 26 Oct 2026 19:45:01 UTC.
This development marks a significant step toward regulated crypto derivatives trading in the U.S., potentially increasing institutional adoption while ensuring compliance with CFTC regulations.
- Payward will be the first CFTC-regulated HIP-3 deployer.
- HIP-3 aims to facilitate regulated perpetual futures trading.
- Hyperliquid's TVL stands at $1.75B, showing minor 7-day decline.
The Block and Coinfomania both report that Payward, the parent company of Kraken, will be the first to deploy Hyperliquid's HIP-3 platform under CFTC regulation. This collaboration is expected to pave the way for regulated perpetual futures trading in the U.S. However, while The Block emphasizes the regulatory aspect as a step toward U.S. regulated perpetual futures, Coinfomania highlights the potential for reshaping the broader crypto derivatives landscape.
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- Hyperliquid to Launch CFTC-Regulated HIP-3 with Kraken Parent Payward — this brief
Hyperliquid has announced that Payward, the parent company of major cryptocurrency exchange Kraken, will be the first to deploy its HIP-3 platform under CFTC regulation. This move is designed to facilitate regulated trading of perpetual futures in the U.S., addressing the demand for compliant crypto derivatives products.
HIP-3 is part of Hyperliquid's initiative to bridge the gap between traditional finance and the cryptocurrency market by providing a platform that meets regulatory requirements. The deployment with Payward is expected to set a precedent for other exchanges looking to offer regulated derivatives products.
The Block and Coinfomania both confirm that Payward will be the first to utilize the HIP-3 platform, but they differ slightly in their emphasis. The Block focuses on the regulatory compliance aspect, while Coinfomania underscores the potential for broader market impact.
Hyperliquid's Total Value Locked (TVL) currently stands at $1.75 billion, according to DeFiLlama, marking a slight 0.3% decline over the past seven days. This indicates a stable position in the decentralized finance market despite recent market fluctuations.
The broader cryptocurrency market remains relatively flat, with a total market cap of $2.74 trillion. 
Bitcoin has seen a 0.89% decrease in the last 24 hours, while the Fear & Greed Index sits at 50, indicating a neutral market sentiment. Hyperliquid's native token, HYPE, has experienced a 2.24% increase in the past day, reaching a price of $78.77.
Since this brief published about 1 hour ago, Hyperliquid (HYPE) has moved from ₹7,495.82$78.77 to ₹7,512.95$78.95 — +0.23%.
The chart plots HYPE's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from Token Times's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 HYPE ≈ ₹8,246.33 (about $78.95), up 2.2% over 24 hours. The rupee itself trades about 9.8% above the official rate on the P2P market, so a Indian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · October 26, 2026.
Token Times reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
Hyperliquid to Launch CFTC-Regulated HIP-3 with Kraken Paren — questions & answers
What is HIP-3 and why is it important?
HIP-3 is Hyperliquid's platform for regulated perpetual futures trading, aiming to provide a compliant solution for U.S. crypto derivatives.
How will this affect Kraken?
Kraken, through its parent company Payward, will be the first to utilize HIP-3, potentially enhancing its derivatives offerings with regulated products.
What is Hyperliquid's current TVL?
Hyperliquid's TVL is $1.75 billion, showing a minor 0.3% decline over the past week.
How much is 1 Hyperliquid worth in rupee today?
About ₹8,246.33 at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $78.95. The rupee price moves with both HYPE's US-dollar price and the USDT/INR rate; use our Hyperliquid in rupee page for any amount.
Has Hyperliquid's price moved since this brief was published?
HYPE is up 0.23% since this brief first published — trading at ₹7,513 ($78.95) now versus ₹7,496 ($78.77) at publication. Token Times re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from The Block, Coinfomania, with the key figures cross-checked for agreement across them. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.