NYSE owner takes Trade[XYZ] stake as it plans US Hyperliquid futures

Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, intends to launch a US perpetual-futures market utilizing Hyperliquid. ICE and Trade[XYZ], a cryptocurrency startup developing products on Hyperliquid, disclosed on October 29 their intention to create a specialized US marketplace for 24/7 perpetual futures encompassing cryptocurrencies, stocks, commodities, and foreign exchange, pending regulatory green light.

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Frequently Asked Questions

• Who is planning the new US perpetual-futures market?
  Intercontinental Exchange (ICE), the owner of the New York Stock Exchange, is planning the market alongside crypto startup Trade[XYZ].
• What technology is the market being built on?
  The new perpetual-futures market is built on Hyperliquid.
• When was the partnership announced?
  The announcement was made on October 29.
• What assets will the perpetual futures cover?
  The round-the-clock contracts will cover crypto, equities, commodities, and currencies.
• Is the launch guaranteed?
  No, the initiative remains subject to regulatory approval.