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Kraken's parent plans U.S. perpetual futures on Hyperliquid, boosting HYPE token near $100.

Market News
21 Sep 2026
24/7 Wall Street
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Bullish
Kraken's parent plans U.S. perpetual futures on Hyperliquid, boosting HYPE token near $100.

Kraken's parent company, Payward, announced plans to offer perpetual futures on the Hyperliquid blockchain via the regulated Bitnomial exchange in the U.S., driving the HYPE token price close to $100. However, this plan is still a proposal awaiting regulatory approval, with no launch date or contract details disclosed. The key link to HYPE's price is a required $48 million stake of 500,000 HYPE tokens by Payward to create markets, but this one-time stake does not guarantee sustained demand or price support. Additionally, about three-quarters of HYPE's total supply is yet to enter the market, which could affect long-term price stability despite recent gains.

Kraken's parent company Payward's plan to offer perpetual futures on the Hyperliquid blockchain coincides with a strong market breadth on Pluang, where 112 of 150 priced US stocks rose as of Sep 22, 2026 01:21 WIB. For readers following US stocks, here is Pluang's market snapshot: Li Auto Inc (LI) traded at USD 11.51 with a 1-day change of -5.19% and a typical hold time of 100 days, Opendoor Technologies Inc (OPEN) rose 5.08% to USD 2.69 with a 32-day hold time, and United Airlines Holdings Inc (UAL) increased 4.93% to USD 114.07 with a 45-day hold time.

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