Payward Plans On-Chain Perpetual Futures for U.S. Clients on Hyperliquid
The initiative is expected to be handled by Payward’s regulated companies, Bitnomial and NinjaTrader. The companies will be responsible for the project as Payward seeks to provide U.S. traders with access to on-chain perpetual contracts within a regulated framework.
Payward to Use Hyperliquid’s HIP-3 Protocol
According to the BSCN post, Payward intends to use Hyperliquid’s HIP-3 protocol to provide permissioned perpetual futures for domestic clients.
The structure is designed to combine Hyperliquid’s on-chain trading infrastructure with Payward’s experience in regulation and margining. BSCN said the approach would use Hyperliquid’s publicly available order book while placing the offering under the oversight framework associated with Payward’s regulated businesses.
The announcement specifically identifies Bitnomial and NinjaTrader as the Payward companies that will handle the project.
Bitnomial and NinjaTrader to Handle the Project
Bitnomial and NinjaTrader are described by BSCN as Payward’s fully regulated companies involved in the planned launch.
The companies are expected to provide the regulatory and operational framework for the U.S. offering, with the stated objective of complying with regulations from the U.S. Commodity Futures Trading Commission, or CFTC.
The arrangement is significant to the structure described in the announcement because perpetual futures are widely used in cryptocurrency markets but access to such products in the United States is subject to regulatory requirements.
BSCN said the planned offering would give domestic traders access to the same type of perpetual contracts that have become a major part of global crypto derivatives activity.
Global Perpetual Futures Market Exceeded $85 Trillion in 2025
The BSCN post said perpetual contracts generated more than $85 trillion in volume worldwide in 2025.
That figure underscores the scale of the market that Payward is seeking to connect with U.S. traders through a permissioned on-chain structure. The announcement, however, does not provide a specific launch date, trading pairs, margin requirements or other product-level details.
The planned service is therefore still defined primarily by its infrastructure and regulatory framework rather than by a detailed product rollout schedule.
Combining On-Chain Infrastructure With U.S. Regulation
Payward’s approach, as described by BSCN, seeks to connect the transparency and accessibility of a publicly available on-chain order book with the regulatory and margining experience of its U.S.-regulated businesses.
The announcement does not indicate that the product has already launched for U.S. customers. Instead, it outlines Payward’s plans to develop permissioned perpetual futures through the HIP-3 protocol, with Bitnomial and NinjaTrader handling the project.
Further details on the launch timeline and the specific contracts available to U.S. clients were not provided in the cited post.
writer: Ethan Collins
Crypto Journalist
Ethan Collins reports on developments across the cryptocurrency and blockchain sector. His work covers market movements, protocol updates, regulatory changes, and emerging trends in digital assets.
He focuses on presenting complex topics in a clear and accessible manner for a broad readership.
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