OPENING
Intercontinental Exchange (ICE), owner of the New York Stock Exchange, and trade[XYZ] plan to set up a dedicated U.S. market for 24/7 perpetual futures, with new exchange and clearing infrastructure built on Hyperliquid, subject to CFTC approval. Planned contracts span equities, indices, commodities, FX and crypto, offered through participating brokers and platforms; trade[XYZ] says it will share details on products, eligibility and timing as approvals progress.
KEY DETAILS
- Intercontinental Exchange (ICE), owner of the New York Stock Exchange, and trade[XYZ] plan to set up a dedicated U.S. market for 24/7 perpetual futures, with new exchange and clearing infrastructure built on Hyperliquid, subject to CFTC approval.
- Planned contracts span equities, indices, commodities, FX and crypto, offered through participating brokers and platforms; trade[XYZ] says it will share details on products, eligibility and timing as approvals progress.
- ICE is making a strategic investment in trade[XYZ], with terms not disclosed, and investor Stan Druckenmiller is among a small group of backers joining.
- trade[XYZ] says its markets on Hyperliquid have surpassed $650 billion in volume in just over a year and will keep running alongside the planned U.S. venue.
WHY IT MATTERS
It would open a regulated U.S. route to perpetual futures, which mostly trade offshore today. (Analysis, not a confirmed fact.)
IMPORTANT CONTEXT
- Bloomberg reports the planned market would have its own clearing, know-your-customer and anti-money-laundering systems.
- The venue is branded ICE[XYZ]; no launch date has been given and the plan still needs CFTC approval.
- This article is informational and is not financial advice. Digital assets are volatile.
SOURCE
- Primary / main source: https://x.com/TheBlockCo/status/2115764438683017219
- Supporting: https://x.com/tradexyz/status/2115755854125478285
- Supporting: https://news.bloomberglaw.com/securities-law/nyse-owner-plans-market-for-hyperliquid-perpetual-futures-in-us
- Supporting: https://www.coindesk.com/markets/2026/10/29/nyse-owner-takes-steps-to-bring-hyperliquid-perpetual-futures-to-u-s
#Hyperliquid #ICE #PerpetualFutures