NYSE Parent ICE Takes Stake in Trade.xyz to Launch US-Regulated Hyperliquid Perpetual Futures Market

Intercontinental Exchange, the parent company of the New York Stock Exchange, is taking an equity stake in Trade.xyz and partnering with the firm to build a US-regulated perpetual futures market built on the Hyperliquid blockchain. The move marks a significant step by a major traditional exchange operator to bring the fast-growing crypto-native derivatives format onshore under American regulatory oversight.

The planned market would offer perpetual futures contracts tied to stocks, indexes, commodities, and currencies, and would include its own clearing, customer-verification, and anti-money-laundering systems. Financial terms of ICE's stake in Trade.xyz were not disclosed. The launch remains subject to regulatory approval.

Trade.xyz is already an established Hyperliquid-native perpetual futures provider, having previously secured an official S&P 500 index license from S&P Dow Jones Indices to offer the first officially approved S&P 500 perpetual contract. The ICE partnership now positions that infrastructure for a fully regulated US venue, potentially bridging decentralized perpetual markets with the compliance requirements of American financial regulators.