NYSE owner ICE plans US market for Hyperliquid perpetual futures
Intercontinental Exchange aims to offer regulated derivatives for the HYPE token, which held an $18.9bn market capitalisation on 29 October.
Key takeaways
- 1ICE plans to launch regulated US perpetual futures for Hyperliquid's HYPE token.
- 2Hyperliquid's HYPE token traded at $79.09 with a market capitalisation of $18.9 billion on 29 October.
- 3Neither ICE nor Hyperliquid has published regulatory filings confirming the listing schedule.
Intercontinental Exchange, the parent company of the New York Stock Exchange, plans to launch a regulated market in the United States for perpetual futures tied to Hyperliquid, according to reports from Watcher Guru and Boss Bot News on 29 October. The move aims to bring the decentralised platform's derivative products to institutional investors under US oversight.
Details of the proposed product structure remain sparse across early reports. The reports indicate that ICE intends to offer perpetual futures for Hyperliquid's native HYPE token, marking a rare attempt to list perpetual derivatives within a traditional, regulated US exchange framework.
Hyperliquid's HYPE token traded at $79.09 on 29 October, down 3.3 percent over the preceding 24 hours, giving it a total market value of $18.9 billion, according to YourKhabri data. Perpetual futures are derivative contracts that lack an expiry date, allowing traders to hold positions indefinitely.
Traders will monitor official announcements from ICE and any upcoming filings with US regulators, including the Commodity Futures Trading Commission, to confirm the listing schedule and operational rules.
Also reported by
Reported and edited by the YourKhabri desk under our editorial policy. Nothing here is investment advice.