Intercontinental Exchange, owner of the New York Stock Exchange, is taking a stake in the trading venue trade[XYZ] and wants to use its technology to build a US-regulated market for perpetual futures. Order execution is to run on the Hyperliquid blockchain. trade[XYZ] announced the partnership on X on October 29, 2026, and crypto.news and Unchained report on it independently. The HYPE token has since been trading at $90.97, 14.3 percent higher than 24 hours earlier, while bitcoin and ether are slightly down on the same day.
For investors in Germany the news changes nothing for now about the rules that apply there: the planned market is aimed at customers in the US, it needs approval from the US futures regulator CFTC, and no launch date has been set. What may change is the competitive landscape. When an exchange operator the size of ICE brings perpetual futures into a regulated setting, the product class comes of age, one that retail clients in the EU have so far mostly known through unregulated platforms or contracts for differe...
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