Intercontinental Exchange (ICE), owner of the New York Stock Exchange, has partnered with Trade.xyz to develop a US-regulated perpetual futures market built on Hyperliquid infrastructure. ICE is making a strategic equity investment in Trade.xyz, but the size of the investment, ICE’s stake and a launch date were not disclosed. The plan is subject to approval by the Commodity Futures Trading Commission (CFTC).
The new venue would have its own clearing, identity checks and anti-money-laundering controls. Planned contracts would cover stocks, equity indexes, commodities, forex and crypto, offered through participating brokers and platforms. Trade.xyz’s existing offshore products are not available to US customers, and the company will keep running its current Hyperliquid HIP-3 markets alongside the new venture.
Trade.xyz says its Hyperliquid markets have passed $650 billion in cumulative volume in just over a year. It recorded $202.36 billion in volume in the second quarter of 2026, of which $58.9 billion came from equity-linked contracts. Its NIFTY 50 perpetual futures launched on October 27 with up to 20x leverage.
HYPE reacted, briefly rising to about $86 and trading roughly 4% to 6% higher over 24 hours depending on the reporting time. The move builds on ICE chief executive Jeffrey Sprecher’s comments in May that the exchange had held multiple talks with Hyperliquid about onchain perpetuals. For traders, the news points to a regulated route for perpetuals in the US, although everything still depends on CFTC approval.
Track the market yourself with AiTraderView’s FREE tools: Crypto Cockpit for charts and 75+ indicators, Crypto Screener to find setups, and Crypto Portfolio to follow your holdings. Just create a FREE account and try them yourself!
Sources:
- crypto.news: NYSE owner ICE teams up with Trade.xyz to bring Hyperliquid trading to the US
- The Block: NYSE parent ICE held multiple talks with Hyperliquid to evaluate onchain perps market, CEO says
⚠️ RISK WARNING & AI DISCLOSURE
- This information is generated by Artificial Intelligence (AI) and complex algorithms. While advanced, these systems can contain errors or inaccuracies and are for educational purposes only.
- Technical analysis provides no guarantees; this information is purely informative.
- All discussed scenarios are hypothetical and do not constitute predictions or expectations.
- Past performance is not an indicator of future results.
- This is not financial advice and is not intended as a call-to-action for the reader.
- No implicit direction is claimed, and no specific behavior of market participants is suggested.