Hyperliquid in Talks with Kraken Parent to Offer Perpetuals to US Users

This potential partnership is significant because it could bridge a leading offshore-style perps venue into the heavily regulated US market, a move that has been a major barrier for many crypto derivatives platforms. The involvement of Kraken's parent suggests a compliance-first approach, which could set a precedent for how offshore protocols access US liquidity. The open question is how regulators will treat this structure, and whether it signals a broader trend of established exchanges partnering with DeFi protocols to navigate US rules.