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Altcoins & DeFi

Stan Druckenmiller Confirms Trade.xyz Stake, Says He Plans to Use Its Hyperliquid Perps

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Stan Druckenmiller , the billionaire investor who founded Duquesne Capital Management, confirmed his stake in trade.xyz on Thursday and said he expects to use its product himself. “I am excited to be an investor in trade(xyz) as they partner with ICE to bring 24/7 perpetual futures on Hyperliquid to the United States,” Druckenmiller wrote on X at 8:08 a.m. ET. “As a market participant,” he added, he is looking forward to using the company’s “innovative product to enhance my investment process.” His post gave no amount or terms for the investment. Trade.xyz runs perpetual futures on stocks, commodities and other real-world assets through HIP-3, Hyperliquid’s system for letting outside teams launch their own perp markets.

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