NYSE parent ICE partners with Trade.xyz to bring Hyperliquid perpetual futures to US markets
Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, is taking an equity stake in Trade.xyz and teaming up with the firm to launch a regulated, 24/7 perpetual futures market in the United States built on Hyperliquid's infrastructure.
Intercontinental Exchange (ICE), the owner of the New York Stock Exchange, is partnering with Trade.xyz to establish a regulated U.S. perpetual futures market running on Hyperliquid's infrastructure, according to an announcement by Trade.xyz and reports citing Bloomberg. As part of the collaboration, ICE is making a strategic equity investment in Trade.xyz under undisclosed terms. Billionaire investor Stan Druckenmiller is also joining as an investor alongside ICE.[2][3][4][7]
The planned market, dubbed ICE[XYZ], intends to offer 24/7 perpetual contracts spanning equities, indexes, commodities, foreign exchange, and digital assets through participating brokerages and platforms. The venue will feature its own exchange and dedicated clearing framework, as well as KYC and AML compliance systems. Trade.xyz emphasized that establishing the new U.S. market remains subject to regulatory approval from the Commodity Futures Trading Commission (CFTC).[2][3][5][7][9]
Trade.xyz reported that its existing markets on Hyperliquid have surpassed $650 billion in trading volume over a little more than a year. While Hyperliquid itself remains closed to U.S. residents, Trade.xyz noted that its current non-U.S. markets will continue operating and expanding alongside the planned U.S. venue.[2][4][5]
In his first-ever original post on X, Druckenmiller stated that he invested in Trade.xyz following the ICE agreement and said he looks forward to utilizing the 24/7 Hyperliquid perpetuals product to enhance his investment process. Following the reports, Hyperliquid's native token (HYPE) surged, rallying from around $78 to session peaks above $90.[2][6][8][10][11][12]
Key facts
- NYSE owner Intercontinental Exchange (ICE) is partnering with and investing in Trade.xyz to launch a U.S.-regulated perpetual futures market.
- The planned market, branded ICE[XYZ], is designed to run on Hyperliquid's infrastructure with dedicated clearing, KYC, and AML compliance frameworks.
- Planned contracts will offer 24/7 perpetual futures covering equities, indices, commodities, currencies, and crypto, subject to CFTC regulatory approval.
- Billionaire investor Stan Druckenmiller confirmed he is investing in Trade.xyz alongside ICE.
- Trade.xyz stated that its existing markets on Hyperliquid have surpassed $650 billion in cumulative trading volume in just over a year.
- Hyperliquid's native token HYPE rallied sharply on the news, climbing above $90 from intraday lows near $78.
Sources · 10 sources
- TB
The BlockArticle ·
HYPE surges 15% as NYSE parent ICE moves to bring Hyperliquid perps to US NYSE parent ICE will partner with and invest in Trade[XYZ] to launch regulated, Hyperliquid-based perpetual futures in the U.S.
Open source - UN
UnchainedArticle ·
NYSE Owner ICE to Bring Hyperliquid Perps to the US Through Trade.xyz Partnership Trade.xyz , which runs stock, index and commodity perpetual futures markets on Hyperliquid , said on Thursday that Intercontinental Exchange (ICE) , the parent company of the New York Stock Exchange, is investing in the company and will work with it to offer 24/7 Hyperliquid-based perpetual futures to U.S. traders. None of it is approved yet. Trade.xyz said in its X post that the U.S. market would be set up only “subject to CFTC approval,” and the announcement did not mention any filing with, or sign-off from, the Commodity Futures Trading Commission . ICE did not immediately respond to a request for comment from Unchained. According to trade.xyz, the two firms intend to launch a separate U.S. market with its own exchange and clearing setup running on Hyperliquid. Planned contracts would cover equities, indices, commodities, FX and crypto, and traders would reach them through participating brokers and platforms. The post signed off with the tagline “Anything. Anytime. On ICE[XYZ].” Trade.xyz said in the post it would release more on products, eligibility and timing “as approvals progress.” Get Unchained’s crypto news in your inbox with the free Unchained Daily newsletter . ICE Stake and Druckenmiller Trade.xyz did not disclose the size or terms of ICE’s strategic investment . It said billionaire investor Stan Druckenmiller is also coming in, the first of a small group of outside market figures. Trade.xyz credited ICE with more than 25 years of running regulated markets and clearing, and itself with the product and market design work. “Innovation and the protections of U.S. regulation shouldn’t be a trade-off,” trade.xyz wrote. Trade.xyz’s existing Hyperliquid markets, live for a little over a year, have handled more than $650 billion in volume, according to the company . In March, S&P Dow Jones Indices licensed the S&P 500 to trade.xyz for a perpetual contract offered to eligible non-U.S. investors. Trade.xyz said its existing HIP-3 markets on Hyperliquid will keep running and expanding alongside the U.S. effort. ICE and Hyperliquid In May, ICE CEO Jeffrey Sprecher said the exchange operator had met with Hyperliquid several times, and called it “bigger than NASDAQ” in remarks at Bernstein’s Strategic Decisions Conference. About two weeks earlier, Bloomberg had reported that ICE and CME urged U.S. regulators to look into Hyperliquid over manipulation risks. In August, President Donald Trump said CFTC Chair Mike Selig was working to bring Hyperliquid to the U.S. Kraken parent Payward has proposed a route for U.S. traders to access Hyperliquid-linked perpetuals through its Bitnomial exchange. Hyperliquid itself remains closed to U.S. users. ICE had not published its own statement on the investment as of publication. Related Listen: The NYSE CEO Calls Hyperliquid ‘Bigger Than the Nasdaq’: Uneasy Money The post NYSE Owner ICE to Bring Hyperliquid Perps to the US Through Trade.xyz Partnership appeared first on Unchained .
Open source - WB
Wu Blockchain@WuBlockchainPost on X ·
NYSE Parent ICE Plans to Partner With Trade xyz to Launch Perpetual Futures Market in the US According to Bloomberg, Intercontinental Exchange (ICE), parent company of the New York Stock Exchange, is partnering with Trade xyz to launch regulated perpetual futures contracts in the United States. The planned venue is slated to run on Hyperliquid's infrastructure with dedicated clearing, KYC, and AML compliance frameworks, featuring products pegged to equities, indexes, commodities, and FX pending regulatory approval. As part of the collaboration, ICE will take an equity stake in Trade xyz under undisclosed terms. Trade xyz has previously rolled out perpetual contracts tied to traditional assets like crude oil and equity benchmarks on Hyperliquid.
Open source - CB
Crypto Briefing@Crypto_BriefingPost on X ·
🔥JUST IN: NYSE owner ICE is investing in Trade[XYZ] to develop a US perpetual futures venue on Hyperliquid. hyperliquid:native climbed 8.5% to $86 following the news. https://t.co/yaAfWnSmZs
Open source - BS
BSCN@BSCNewsPost on X ·
ICE Wants to Bring 24/7 Perpetuals to US Brokers, and Hyperliquid Is the Engine Intercontinental Exchange (@ICE_Markets), which operates the @NYSE, has partnered with and invested in @TradeXYZ to form a federally regulated 24/7 perpetual futures exchange on @HyperliquidX. ICE[XYZ], which will require @CFTC approval, will provide perpetual on-chain trading and clearing services for equities, commodities, FX, and digital asset products on licensed US broker-dealer exchanges. This follows a banner year for trade[XYZ], which processed more than $650 billion in trading volume in perpetuities on Hyperliquid. DeFi is finally coming in through the Wall Street back door.
Open source - DN
DEGEN NEWS@DegenerateNewsPost on X ·
BREAKING: $HYPE BREAKS $90, UP 13% IN 24 HOURS - FIRST TIME ABOVE $90 SINCE OCT 7 COMES AFTER NYSE OWNER @ice_markets AND STAN DRUCKENMILLER @standuquesne INVEST IN @tradexyz TO BRING @HyperliquidX PERPS TO THE US VIA @okx https://t.co/M8j0A0syH5
Open source - WS
Wall St Engine@wallstenginePost on X ·
NYSE owner $ICE is partnering with Trade .xyz to build a U.S. perpetual futures market on Hyperliquid,. ICE is also taking a stake in Trade .xyz. Financial terms were not disclosed. The proposed market would offer contracts tied to stocks, indexes, commodities and currencies, with its own clearing, customer-verification and anti-money-laundering systems. The launch remains subject to regulatory approval.
Open source - DN
DEGEN NEWS@DegenerateNewsPost on X ·
BREAKING: BILLIONAIRE STAN DRUCKENMILLER @standuquesne MAKES HIS FIRST-EVER ORIGINAL POST ON X SAYS HE'S INVESTED IN @tradexyz AFTER ITS @ice_markets DEAL PLANS TO TRADE ITS 24/7 @HyperliquidX PERPS HIMSELF https://t.co/eNdZ9mdR2u
Open source - CO
CoindeskArticle ·
NYSE owner takes steps to bring Hyperliquid perpetual futures to U.S. The planned ICE[XYZ] venue would offer 24/7 perpetual futures on stocks, commodities and crypto, pending CFTC approval. ICE is investing in Trade[XYZ].
Open source - HE
Hedgeye@HedgeyePost on X ·
BREAKING: Hyperliquid soars +13.2% to above $91 after Stan Druckenmiller announced an investment in trade(xyz), which is partnering with ICE to bring 24/7 perpetual futures on Hyperliquid to the U.S. https://t.co/88HdItUZwB
Open source - CB
Crypto Banter@crypto_banterPost on X ·
🚨STAN DRUCKENMILLER’S FIRST EVER TWEET IS ABOUT HYPERLIQUID! Legendary investor Stan Druckenmiller just posted his first ever official tweet, and it’s about investing in trade[XYZ] as they partner with ICE to bring 24/7 perpetual futures on Hyperliquid to the U.S. “As a market participant, I am looking forward to using their innovative product to enhance my investment process.”
Open source - CB
Crypto Briefing@Crypto_BriefingPost on X ·
🚀 JUST IN: Hyperliquid's hyperliquid:native surges over 15%, climbing past $93 as NYSE parent Intercontinental Exchange (ICE) moves to bring Hyperliquid perpetual futures to the US market. https://t.co/WUgtvL5PH9
Open source