ICE to use Hyperliquid for US perpetual futures, HYPE eyes $120 target

Hyperliquid is positioning itself as a key player in the digital asset landscape after Intercontinental Exchange (ICE), parent company of the New York Stock Exchange (NYSE), confirmed plans to utilize Hyperliquid’s technology in its proposed perpetual futures markets for US customers. ICE, a global operator of exchanges and clearing houses including the NYSE, intends to collaborate with Hyperliquid and trade[XYZ] to create a new market featuring perpetual futures on cryptocurrencies, equities, commodities, foreign exchange, and additional real-world assets. This initiative remains subject to regulatory approval. According to the arrangement, Hyperliquid will provide the underlying technology through its HIP-3 protocol. Trade[XYZ] will be responsible for market design and infrastructure, while ICE oversees the regulated market and the clearing process.

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