UPDATE: HYPE surges 15% as ICE plans Hyperliquid-based US perps
CIE News ·
Update to ICE plans US perpetual futures venue covering crypto, CoinDesk reports
Based on reporting by The Block; not yet independently confirmed.
The HYPE token surged 15% after reports that NYSE owner ICE is partnering with Trade[XYZ] to offer Hyperliquid-based perpetual futures in the U.S., pending CFTC regulatory approval.
The HYPE token surged 15% following reports that New York Stock Exchange owner Intercontinental Exchange is partnering with and investing in Trade[XYZ] to bring Hyperliquid-based perpetual futures to the United States. As previously reported, ICE took initial steps to create a venue dubbed ICE[XYZ] to offer 24/7 perpetual futures contracts across crypto assets, stocks, and commodities.
According to The Block and CoinDesk, the collaboration aims to launch regulated perpetual futures based on Hyperliquid technology. The launch of the planned trading venue remains subject to regulatory approval from the Commodity Futures Trading Commission.
Key facts
- HYPE surged 15%
- Hyperliquid-based perps planned
- ICE invests in Trade[XYZ]
- Pending CFTC approval
Read the original at The Block