Overview
- Payward disclosed Wednesday that it plans to deploy Hyperliquid HIP-3* permissioned markets for U.S. clients with Bitnomial operating and clearing the markets and NinjaTrader onboarding and custody of client accounts.
- HIP-3* is a testnet-labelled feature that lets a market deployer allowlist wallets cancel open orders submit reduce-only orders and move collateral for a specific venue while other Hyperliquid markets stay open.
- The company has not published product terms so traders lack key details on which contracts will launch maximum leverage accepted collateral margin rules funding-rate formulas or fees.
- Regulatory approval from the CFTC and related compliance work remain unresolved and Payward has given no launch date so the plan currently establishes a route to market rather than a live product.
- If cleared by regulators the arrangement would test whether a public onchain order book can operate inside a regulated U.S. framework by relying on onshore clearing customer controls and sufficient liquidity to set reliable prices and margins.