NYSE owner ICE teams up with Trade.xyz to bring Hyperliquid trading to the US

Intercontinental Exchange (ICE), the owner of the New York Stock Exchange (NYSE), has partnered with Hyperliquid-linked trading platform Trade.xyz to develop a U.S.-regulated market for perpetual futures, with the exchange operator taking an undisclosed equity stake in the company. Summary NYSE parent Intercontinental Exchange has announced a partnership with Trade.xyz to develop a U.S.-regulated perpetual futures market. The proposed platform will use Hyperliquid infrastructure, with dedicated clearing, identity checks and anti-money laundering controls. Trade.xyz says its existing Hyperliquid markets have handled more than $650 billion in cumulative trading volume. ICE is making a strategic investment in Trade.xyz, but the companies have not disclosed its size or a launch date. HYPE briefly climbed to around $86 following the announcement, according to crypto.news market data. According to a post on X, the companies intend to build a dedicated trading venue using Hyperliquid’s infrastructure, subject to approval from the Commodity Futures Trading Commission (CFTC). The proposed market will offer contracts tied to stocks, equity indexes, commodities, foreign exchange and cryptocur...