According to Bloomberg, Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, aims to launch perpetual futures trading in the U.S.
At this point, ICE plans to launch its futures market through Hyperliquid, a decentralized perpetual futures exchange. For this marketplace, ICE is partnering with Trade.xyz, which operates a trading platform within the Hyperliquid ecosystem.
The planned platform aims to offer perpetual futures contracts linked to stocks, stock indices, commodities, and currency pairs. The report also states that the new market will leverage Hyperliquid’s blockchain infrastructure while incorporating its own clearing, know-your-customer (KYC), and anti-money laundering (AML) systems to comply with US regulations.
As part of the agreement, ICE will acquire a stake in Trade.xyz, but the size and financial terms of the investment have not yet been disclosed.
Finally, it was noted that the market’s launch would be subject to approval from relevant regulators, primarily the U.S. Commodity Futures Trading Commission (CFTC).
