Wall Street may be coming for onchain perps.

ICE is planning a regulated US perpetuals venue with Trade[XYZ], built on Hyperliquid's infrastructure, pending CFTC approval. Meanwhile $HYPE trading volume jumped over 680% while most of the market sold off after the Binance hack (CMC AI).

My take: the plumbing of DeFi is getting institutional validation, even in a Fear reading of 30. Approval is still the big if.

Would a regulated perps venue pull you away from onchain trading, or do you prefer staying native? Tell me why. $BTC $ETH

#Hyperliquid #Perps #CryptoNews