Americans have long had to watch overseas perpetual markets from afar. Now the parent company of the NYSE plans to build a compliant venue of its own.
On October 29, Intercontinental Exchange (ICE, the parent company of the NYSE) and Trade[XYZ] announced an agreement to bring a perpetual futures market built on Hyperliquid infrastructure to the U.S., with a new regulated trading and clearing structure aimed at retail customers. ICE will be the exclusive operator and make a strategic investment in Trade[XYZ] (amount undisclosed). Planned contract underlyings include stocks, indexes, commodities, foreign exchange, and crypto. Access is expected to come through brokerages / FCMs, as well as a joint distribution channel between ICE and OKX.
Here are a few details ordinary users should pay closer attention to 👇
🔹 Not available yet: The whole plan depends on regulatory approval from the CFTC and others. No launch date has been announced, and no tradable assets, leverage limits, or account eligibility requirements have been specified.
🔹 Not the same as the existing Trade[XYZ]: The current markets on Hyperliquid mainly serve users outside the U.S. The U.S.-compliant version will be a new venue with new clearing arrangements, operated separately from ICE’s institutional futures business.
🔹 What it could mean for retail users: If approved, perpetuals on U.S. stocks, commodities, and crypto could eventually trade 24/7 in a “licensed brokerage app,” rather than only on overseas platforms. But until approval is granted, users in China can’t access the U.S. venue—and this doesn’t suddenly make overseas markets legal.
🔹 Don’t confuse this with “who invested”: News about investors is a separate story. This trending topic is about ICE teaming up to launch a U.S. perpetuals product.
In short: The buzz is about “bringing regulated perpetuals to U.S. retail,” but regulatory approval is still the key hurdle. Would you be more interested in which brokerage you’d use to open an account, or how leverage and margin would be set?
#ICE联手TradeXYZ拟推美国永续合约 #BTC #ETH
On October 29, Intercontinental Exchange (ICE, the parent company of the NYSE) and Trade[XYZ] announced an agreement to bring a perpetual futures market built on Hyperliquid infrastructure to the U.S., with a new regulated trading and clearing structure aimed at retail customers. ICE will be the exclusive operator and make a strategic investment in Trade[XYZ] (amount undisclosed). Planned contract underlyings include stocks, indexes, commodities, foreign exchange, and crypto. Access is expected to come through brokerages / FCMs, as well as a joint distribution channel between ICE and OKX.
Here are a few details ordinary users should pay closer attention to 👇
🔹 Not available yet: The whole plan depends on regulatory approval from the CFTC and others. No launch date has been announced, and no tradable assets, leverage limits, or account eligibility requirements have been specified.
🔹 Not the same as the existing Trade[XYZ]: The current markets on Hyperliquid mainly serve users outside the U.S. The U.S.-compliant version will be a new venue with new clearing arrangements, operated separately from ICE’s institutional futures business.
🔹 What it could mean for retail users: If approved, perpetuals on U.S. stocks, commodities, and crypto could eventually trade 24/7 in a “licensed brokerage app,” rather than only on overseas platforms. But until approval is granted, users in China can’t access the U.S. venue—and this doesn’t suddenly make overseas markets legal.
🔹 Don’t confuse this with “who invested”: News about investors is a separate story. This trending topic is about ICE teaming up to launch a U.S. perpetuals product.
In short: The buzz is about “bringing regulated perpetuals to U.S. retail,” but regulatory approval is still the key hurdle. Would you be more interested in which brokerage you’d use to open an account, or how leverage and margin would be set?
#ICE联手TradeXYZ拟推美国永续合约 #BTC #ETH
