ICE will take a stake in Trade xyz as regulated perpetual futures await US approval

Trade xyz has teamed up with Intercontinental Exchange (ICE), the company that owns the New York Stock Exchange, to introduce regulated perpetual futures within the United States. The proposed market would run on Hyperliquid’s infrastructure, but US regulatory approval is still pending.

As part of the deal, ICE will take an equity stake in Trade xyz, though the financial details of the investment remain undisclosed. The collaboration combines that investment with plans for a trading venue offering contracts linked to traditional asset classes.

Regulated perpetual futures planned on Hyperliquid infrastructure

The planned platform will use Hyperliquid’s infrastructure alongside dedicated clearing, know-your-customer (KYC) and anti-money laundering (AML) frameworks. Those arrangements form part of the partners’ proposed entry into the US regulated derivatives market.

The product range would span equities, indexes, commodities and foreign exchange. Trade xyz’s perpetual futures products would feature on the venue, with the US offering subject to regulatory approval. The plans therefore describe a proposed regulated market, rather than an already approved US launch.

Trade xyz already has experience offering perpetual contracts on Hyperliquid. Its earlier products include contracts linked to crude oil and equity benchmarks, two areas represented within the broader asset classes planned for the ICE partnership.

The collaboration extends that existing product activity into a planned US venue with dedicated clearing and compliance frameworks. US regulatory approval remains pending for the proposed perpetual futures offering.

Article produced with the assistance of artificial intelligence and reviewed by the editorial team.