The model allows Hyperliquid to provide trading technology to Wall Street institutions instead of attempting to replace them. Payward, the parent company of Kraken, plans to use Hyperliquid technology to offer derivatives to US investors via a regulated exchange, though the Hyperliquid protocol remains unavailable to users in the US.
Wednesday, October 21, 2026
Story
Hyperliquid Founder Urges US to Regulate Market Operators Not Blockchain
Crypto6 days ago
The Layer 1 blockchain known as Hyperliquid should be viewed by US authorities as financial infrastructure rather than a traditional exchange, founder Jeff Yan told Bloomberg's Odd Lots podcast. Yan argues that regulatory obligations should fall on the firms that deploy and operate markets on the network, which would allow the protocol to function as a shared liquidity and trading layer without being subject to direct oversight.
Looking for more context or analysis?
Tilt chat provides reliable, tailored insights, alerts, and automations.