ICE plans Hyperliquid-based perpetual futures for US markets, HYPE token surges

Intercontinental Exchange (ICE), the owner of the New York Stock Exchange, has announced plans to bring Hyperliquid-based perpetual futures to the U.S. markets. This announcement coincided with a notable double-digit increase in the price of Hyperliquid’s HYPE token. ICE has entered into an agreement with Trade[XYZ] to develop U.S.-regulated perpetual markets utilizing Hyperliquid infrastructure, which will cover a range of assets including cryptocurrencies, equities, indexes, commodities, and foreign exchange. The launch is subject to regulatory approval and will incorporate KYC/AML controls. The proposal, however, does not currently establish a direct role for the HYPE token as collateral or payment. Key Takeaways ICE’s announcement to introduce Hyperliquid-based perpetual futures in the U.S. appears to have contributed to a significant rise in HYPE token prices, reflecting increased market interest. Market pricing suggests participants view the likelihood of Hyperliquid reaching $100 by the end of 2026 as more probable, with the December 31 market now reflecting a 66% YES probability, up from 24% a day earlier. While the infrastructure for these perpetual futures is still under ...