ICE and Trade[XYZ] Agree to Bring Perpetual Markets Onshore in the US
Intercontinental Exchange has agreed to bring Trade[XYZ]’s Hyperliquid-based perpetual markets onshore in the U.S., pending regulatory approvals. ICE will exclusively operate these regulated markets and plans to establish a new retail market and clearing structure. Additionally, ICE is making a strategic investment in Trade[XYZ] to support this initiative.
Intercontinental Exchange, Inc. (NYSE: ICE) and Trade[XYZ] announced a definitive agreement to bring Trade[XYZ]’s Hyperliquid-based perpetual markets onshore in the United States, subject to regulatory approvals.
Under the agreement, ICE will serve as the exclusive operator of Trade[XYZ]’s regulated markets. ICE also intends to establish a new, dedicated, regulated retail market and clearing structure for the arrangement.
Trade[XYZ] is described as a deployer of real-world-asset perpetual futures markets on Hyperliquid. ICE is also making a strategic investment in Trade[XYZ] to support the agreement.
This article may include AI-generated content that is human-reviewed, which is for reference and general information purposes only and does not constitute investment advice.
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