According to CoinMeta, Kraken's parent company, Payward, plans to offer on-chain perpetual contract trading to US users through Hyperliquid. The proposal is currently awaiting regulatory approval. Bitnomial will create and manage the relevant market, with customer accounts hosted by Ninjatrader Clearing and accessible only to users who have passed Bitnomial's whitelist review. Grayscale indicates that if the relevant market pays protocol fees to Hyperliquid, the additional trading activity could increase the funds available for purchasing HYPE tokens.