TLDR:
- trade[XYZ] says its Hyperliquid markets have passed $650 billion in volume in just over a year.
- The planned U.S. market will use new exchange and clearing infrastructure built on Hyperliquid.
- Launch depends on CFTC approval; contracts will span equities, indices, commodities, FX, and crypto.
- ICE is making a strategic investment in trade[XYZ], and Stan Druckenmiller is joining the effort.
24/7 perpetual futures on Hyperliquid are heading to the United States through trade[XYZ] and Intercontinental Exchange (ICE). ICE owns the New York Stock Exchange and operates regulated markets.
The two firms intend to establish a dedicated U.S. market with new exchange and clearing infrastructure. The launch remains subject to approval from the Commodity Futures Trading Commission (CFTC).
Planned contracts will span equities, indices, commodities, FX, and crypto, with access offered through participating brokers and platforms.
Hyperliquid Markets Pass $650 Billion in Volume
trade[XYZ] announced the plan in a post on X. The company said its 24/7 perpetual futures markets on Hyperliquid have passed $650 billion in volume. That figure came in just over a year. Those markets cover stocks, indices, and commodities.
These markets provide continuous price discovery. According to the post, retail and institutional traders treat them as trusted reference points. This applies when traditional markets are closed. The company noted that “much of the world trades them.”
trade[XYZ] addressed the gap in U.S. access to 24/7 perpetual futures directly. The company stated, “Until now, Americans could only watch. We intend to change that.” Both firms will share details on products, eligibility, and timing as approvals progress.
The post closed with a message to the Hyperliquid community. trade[XYZ] thanked users who were there before or came because of its markets.
The team wrote, “You took a chance on new markets and you made them matter.” The post added that they will forever be part of this story.
ICE and trade[XYZ] Bring Combined Expertise
ICE brings more than 25 years of experience operating regulated markets. ICE also brings experience in clearing and managing risk. trade[XYZ] contributes product development, market design, and technology.
It describes its Hyperliquid markets as the most liquid and robust. Together, the companies plan to apply these strengths in the new market.
ICE is also making a strategic investment in trade[XYZ]. Through this move, ICE joins trade[XYZ] in building toward the future of Hyperliquid. The investment comes as trade[XYZ] builds the U.S. market for perpetual futures.
The firms framed the effort around regulation. In the post, they wrote, “Innovation and the protections of U.S. regulation shouldn’t be a trade-off.”
A small group of market luminaries is also joining the effort. Stan Druckenmiller is the first name on that list. trade[XYZ] said few investors have anticipated market turns as often as Druckenmiller. His record spans more than four decades. The company added, “We’re proud to have him with us for the next one.”
The U.S. market will be built in parallel with the existing HIP-3 markets. trade[XYZ] plans to keep expanding and innovating on those markets.
Both are expected to grow, and each has a long road map ahead. Future plans include new asset classes and new ways to trade them.
The post ICE and trade[XYZ] Plan 24/7 Perpetual Futures on Hyperliquid for U.S. Traders appeared first on Blockonomi.
This articles is written by : Nermeen Nabil Khear Abdelmalak
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