# Kraken's Parent Company Plans U.S. Hyperliquid Perpetuals

> Payward's U.S. Hyperliquid futures could boost HYPE to $100, but only a $48m stake matters.
- Title: Kraken's Parent Company Plans U.S. Hyperliquid Perpetuals
- Summary: Payward's U.S. Hyperliquid futures could boost HYPE to $100, but only a $48m stake matters. Payward's $48 million HYPE stake for U.S. perpetual markets may…
- Keywords: payward, hyperliquid, hype, kraken, bitnomial, cftc, perpetual futures, token stake, Kraken's, Parent, Company, Plans
- Source: 24/7 Wall St. — https://247wallst.com/investing/cryptocurrency/2026/09/21/krakens-parent-company-plans-u-s-hyperliquid-perpetuals-can-hype-reach-100
- Author: Sam Daodu
- Published: 2026-09-21T18:33:56+00:00
- Read time: 1 min
- Topics: payward, hyperliquid, hype, kraken, bitnomial, cftc, perpetual futures, token stake
## Payward Announces U.S. Hyperliquid Plans
Payward's parent company Kraken plans U.S. perpetual futures on Hyperliquid blockchain via Bitnomial.

> Hyperliquid (CRYPTO:HYPE) hovers around $95
## HYPE Surges 18.5% on News
HYPE rose 18.5% after Payward's proposal, but details remain unclear.

> HYPE has gained 18.5% while Bitcoin rose 9.4% this week
## Payward Builds Markets, Not HYPE Futures
Payward creates U.S. regulated perpetual markets on Hyperliquid, not HYPE token futures.

> They are not planning to launch futures specifically tied to the HYPE token
## HIP-3 Requires $48m HYPE Stake
Payward must stake 500,000 HYPE tokens at $95 each for $48 million.

> Anyone establishing a market must stake 500,000 HYPE tokens
## HYPE Supply Constraints
Three-quarters of HYPE's supply remains locked until 2027.

> The difference represents supply yet to enter the market, about three-quarters of total distribution
## HYPE Price Sustainability Challenge
HYPE's $100 target needs ongoing demand beyond Payward's one-time stake.

> A one-time stake of $48 million doesn't meet ongoing demand for $100 price
## Can HYPE Reach $100?
HYPE is 5% from $100 but requires more than Payward's plan to sustain it.

> HYPE is only about 5% away from $100 and has shown significant daily moves
## Key takeaway

Payward's $48 million HYPE stake for U.S. perpetual markets may lift HYPE to $100 but won't sustain it.