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Hyperliquid's HYPE token rises 4.8% as Kraken's parent plans US regulated perpetuals market launch

Market News
28 Oct 2026, 10:21 WIB
Crypto Briefing
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Bullish
Hyperliquid's HYPE token rises 4.8% as Kraken's parent plans US regulated perpetuals market launch

HYPE, the native token of Hyperliquid, increased by 4.8% following the announcement that Kraken's parent company, Payward, plans to launch a regulated U.S. perpetuals market on Hyperliquid's platform. This move would make Payward the first Commodity Futures Trading Commission (CFTC)-regulated entity to operate on Hyperliquid’s HIP-3 infrastructure, currently in testnet. The launch will involve Bitnomial for market creation and NinjaTrader Clearing for account management, though it still awaits regulatory approval. Market sentiment shows a 23% chance of Hyperliquid reaching a $100 price target by the end of 2026, with upcoming regulatory decisions and platform developments expected to influence its trajectory.

HYPE token is currently trading at Rp1.474.998 on Pluang, showing a 4.73% increase in the last day. As of Oct 28, 2026 14:31 WIB, the token has a market cap of Rp375,12T and a 24-hour trading volume of Rp13,3T, with buyers making up 64% of the order activity.

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