HYPE rallies 15% as NYSE parent ICE moves to bring Hyperliquid perps to US
Compiled by KHAO Editorial — aggregated from 2 sources. See llms.txt for citation guidance.
◎ Multiple-sources
Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, has agreed to partner with TradeXYZ to bring Hyperliquid-based perpetual futures markets to the U.S. under a regulated framework, subject to regulatory approvals.
Key facts
- The HYPE token surged 15% on Thursday, trading around $91.21 at publication time
- I am excited to be an investor in trade(xyz) as they partner with ICE to bring 24/7 perpetual futures on Hyperliquid to the United States," he wrote in a post
- Under the structure, Hyperliquid will serve as the underlying technology infrastructure via HIP-3, TradeXYZ designs and implements the markets, and ICE operates the regulated market and clearing
- Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, has agreed to partner with TradeXYZ to bring Hyperliquid-based perpetual futures markets to the U.S
Summary
ICE plans to operate the markets and establish dedicated exchange and clearing infrastructure for perpetual contracts tied to cryptocurrencies, equities, indices, commodities, and forex. ICE is also making a strategic investment in TradeXYZ, with the new markets expected to be accessible through participating brokers and platforms. "We've seen a clear increase in retail participation in markets, and that participation is becoming far more global, with retail traders increasingly seeking short-duration exposure, often around the clock," Sprecher said Thursday. The HYPE token surged 15% on Thursday, trading around $91.21 at publication time.