Every Zipp story tagged #PerpFutures, newest first.
Hyperliquid's on-chain perp book finally gets a regulated US on-ramp through Kraken's parent, the kind of template that could define how DeFi derivatives cross the border.
The bank's analysts argue US-regulated perpetual-futures products and crowded prediction markets could pull volume from offshore DeFi venues like Hyperliquid, where licensing remains an open question.
The investment extends eToro's Zengo wallet acquisition into the derivatives layer, and lands as Robinhood, Coinbase and Kalshi all push their own perps + tokenization stacks into the same…
Hyperliquid is rapidly establishing itself as the preferred around-the-clock trading destination for Wall Street…
The dollar cost is zero; the structural win is bringing offshore perp liquidity back onshore — and the approval lands without a formal rule, leaving it reversible by the next chair.
Sprecher's framing lands less as a market-cap claim and more as a regulatory challenge: 70% of decentralized perps flow, weekend oil trading ICE can't touch, and a clear ask for Dodd-Frank to either…
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