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Altcoins & DeFi

ICE joins hands with Hyperliquid builder to launch U.S. perpetual futures market – Report

Image: AMBCrypto

Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange (NYSE), is partnering with Trade[XYZ], one of the major builders of markets on decentralized exchange Hyperliquid [HYPE], to introduce a regulated perpetual futures market in the United States. According to Bloomberg, the plan is to bring perpetual futures trading for traditional financial assets and cryptocurrencies into the U.S. market. However, this remains subject to approval from the U.S. Commodity Futures Trading Commission (CFTC) agency. This is because access to such products remains limited for U.S. investors because of regulatory restrictions. All about the ICE-Trade [XYZ] agreement Under the agreement, ICE and Trade[XYZ] plan to list perpetual futures linked to equities, stock market indices, commodities, foreign exchange (FX), and cryptocurrencies.

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