NYSE Parent ICE Backs Trade.xyz to Launch US Hyperliquid Perpetuals

WHO:

Techmeme - Intercontinental Exchange Inc. (ICE), which owns the New York Stock Exchange, joined forces with Trade.xyz, described as one of the market operators behind Hyperliquid.

Cointelegraph - ICE and Trade[XYZ] announced plans involving US perpetual futures; Hyperliquid’s HYPE token was also mentioned.

WHAT:

Techmeme - ICE plans to launch US-regulated perpetual markets based on Hyperliquid and took a stake in Trade.xyz.

Cointelegraph - HYPE rose following news that ICE and Trade[XYZ] had unveiled plans for US perpetual futures.

WHERE:

Techmeme - The planned perpetual markets are for the United States; Hyperliquid is described as an offshore crypto-trading platform.

WHY:

Cointelegraph - The reported plans by ICE and Trade[XYZ] preceded the rise in Hyperliquid’s HYPE token.

HOW:

Techmeme - The planned markets are to be based on Hyperliquid, with Trade.xyz involved as a market operator and ICE taking a stake in the company.

(UPDATED October 30, 2026 10:36 UTC)

Intercontinental Exchange, which owns the New York Stock Exchange, plans regulated US perpetual markets. The markets will be based on Hyperliquid, with ICE taking a stake in Trade.xyz. Hyperliquid’s HYPE token rose after the companies announced their plans.

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(UPDATED October 30, 2026 03:00 UTC)

Intercontinental Exchange, which owns the New York Stock Exchange, has taken a stake in Trade.xyz and plans to launch U.S.-regulated perpetual futures markets based on the offshore crypto-trading platform Hyperliquid. Trade.xyz is one of the market operators behind Hyperliquid and is involved in the planned markets. Hyperliquid’s HYPE token rose after the plans were announced.