Traders on X are calling this the biggest TradFi x DeFi handshake yet: ICE, the NYSE's owner, is teaming up with Trade[XYZ] to bring Hyperliquid-style perps into regulated US markets.
ICE[XYZ] would be a 24/7 US venue for perps on stocks, indices, commodities, FX and crypto, with its own clearing and KYC/AML. Trade[XYZ]'s Hyperliquid markets already topped $650B in volume in just over a year (Bloomberg via CoinDesk).
Why it matters: perps are crypto's most traded product, yet mostly offshore and off limits to US traders, and $HYPE jumped about 8% on the news. But an announcement alone does not guarantee approval: CFTC sign-off is pending, with no filing or timeline disclosed.
Mainstream moment for US perps, or a headline that dies in review? 👇
Not financial advice. DYOR.
#crypto #Hyperliquid
ICE[XYZ] would be a 24/7 US venue for perps on stocks, indices, commodities, FX and crypto, with its own clearing and KYC/AML. Trade[XYZ]'s Hyperliquid markets already topped $650B in volume in just over a year (Bloomberg via CoinDesk).
Why it matters: perps are crypto's most traded product, yet mostly offshore and off limits to US traders, and $HYPE jumped about 8% on the news. But an announcement alone does not guarantee approval: CFTC sign-off is pending, with no filing or timeline disclosed.
Mainstream moment for US perps, or a headline that dies in review? 👇
Not financial advice. DYOR.
#crypto #Hyperliquid
