NYSE parent ICE teams with Hyperliquid-linked Trade.xyz to bring perpetual futures to US markets

The proposed market will use Hyperliquid's infrastructure and feature Trade.xyz products. Intercontinental Exchange (ICE), which owns the New York Stock Exchange, has teamed up with Trade.xyz to develop a regulated US market for perpetual futures. Trade.xyz is one of the market operators behind crypto trading platform Hyperliquid. HYPE, Hyperliquid’s native token, jumped 8.5% to $86 after the announcement. trade[XYZ] and ICE, owner of the New York Stock Exchange, are joining forces to bring 24/7 perpetual futures on Hyperliquid to the United States. In just over a year, our markets on Hyperliquid have surpassed $650 billion in volume. They provide continuous price discovery for… — trade.xyz (@tradexyz) October 29, 2026 Under the agreement, the companies plan to build a new trading venue on Hyperliquid’s rails, with dedicated clearing, know-your-customer (KYC) and anti-money laundering (AML) systems. The market would offer Trade.xyz perpetual futures products tied to equities, equity indexes, commodities and currencies, subject to regulatory approval. ICE will also take an equity stake in Trade.xyz, according to the report. This is a developing story. Disclosure: This article was ed...