ICE plans U.S. perpetual futures market with Hyperliquid-linked partner
Intercontinental Exchange is moving to expand regulated crypto-related derivatives offerings in the U.S. through a new perpetual futures market. The planned venue with Trade.xyz would include its own clearing, know-your-customer and anti-money laundering systems, while relying on Hyperliquid infrastructure subject to regulatory approval.
Highlights
- ICE and Trade.xyz plan a U.S. venue for perpetual futures using Hyperliquid's rails and Trade.xyz pricing on equities, indexes, commodities, and currencies.
- The planned market will feature its own clearing, KYC, and AML systems to comply with U.S. regulations, pending regulatory approval.
- If approved, the initiative could expand access to perpetual futures and deepen collaboration between established exchanges and crypto technology providers in the U.S.
Planned market structure and product scope
As reported by Bloomberg, ICE and Trade.xyz are planning a new market for trading perpetual futures contracts as Intercontinental Exchange pushes to bring the product into regulated U.S. markets.The venue is set to have its own clearing, know-your-customer and anti-money laundering systems. It is being built on Hyperliquid's rails and is expected to use Trade.xyz products linked to the prices of equities, equity indexes, commodities and currencies, pending regulatory approval.
Potential implications for U.S. derivatives markets
The plan signals an effort to adapt a product widely associated with offshore crypto trading for a regulated U.S. setting. If approved, the market could widen access to perpetual futures through infrastructure designed to meet domestic compliance requirements.The proposal also points to closer links between established exchange operators and crypto-market technology providers. For ICE, the project adds a new derivatives initiative that spans digital market structure and traditional asset price exposure.
Our earlier coverage of Hainan Rubber’s proposed subordinated perpetual sustainable securities explained how the company aimed to refinance offshore debt through notes issued by its majority-owned unit Halcyon Agri and guaranteed on a subordinated basis. We outlined the key credit features highlighted in the assessment, including lower ranking in the capital structure, the ability to defer coupons, and the liquidity and leverage metrics shaping investor risk.
Latest Hyperliquid News
-
Afghanistan
-
Albania
-
Algeria
-
Angola
-
Argentina
-
Armenia
-
Australia
-
Austria
-
Azerbaijan
-
Bahamas
-
Bahrain
-
Bangladesh
-
Belarus
-
Belgium
-
Bolivia
-
Botswana
-
Brazil
-
Brunei
-
Bulgaria
-
Cambodia
-
Cameroon
-
Canada
-
Chile
-
China
-
Colombia
-
Congo
-
Costa Rica
-
Cote d'Ivoire
-
Croatia
-
Cuba
-
Cyprus
-
Czechia
-
DR Congo
-
Denmark
-
Dominican Republic
-
Ecuador
-
Egypt
-
El Salvador
-
Estonia
-
Eswatini
-
Ethiopia
-
Finland
-
France
-
Georgia
-
Germany
-
Ghana
-
Greece
-
Haiti
-
Hong Kong
-
Hungary
-
India
-
Indonesia
-
Iran, Islamic republic
-
Iraq
-
Ireland
-
Israel
-
Italy
-
Jamaica
-
Japan
-
Jordan
-
Kazakhstan
-
Kenya
-
Korea
-
Kuwait
-
Kyrgyzstan
-
Laos
-
Latvia
-
Lebanon
-
Lesotho
-
Libya
-
Lithuania
-
Luxembourg
-
Madagascar
-
Malaysia
-
Malta
-
Mauritius
-
Mexico
-
Moldova
-
Mongolia
-
Montenegro
-
Morocco
-
Mozambique
-
Myanmar
-
Namibia
-
Nepal
-
Netherlands
-
New Zealand
-
Nigeria
-
North Macedonia
-
Norway
-
Oman
-
Pakistan
-
Palestine
-
Panama
-
Papua New Guinea
-
Paraguay
-
Peru
-
Philippines
-
Poland
-
Portugal
-
Puerto Rico
-
Qatar
-
Reunion
-
Romania
-
Rwanda
-
Saudi Arabia
-
Serbia
-
Singapore
-
Slovakia
-
Slovenia
-
Somalia
-
South Africa
-
Spain
-
Sri Lanka
-
Sweden
-
Switzerland
-
Syria
-
Taiwan
-
Tajikistan
-
Tanzania
-
Thailand
-
Trinidad and Tobago
-
Tunisia
-
Turkey
-
UAE
-
Uganda
-
Ukraine
-
United Kingdom
-
United States
-
Uruguay
-
Uzbekistan
-
Venezuela
-
Vietnam
-
Yemen
-
Zambia
-
Zimbabwe
- Forex
- Crypto
