ICE Invests in Hyperliquid Ecosystem to Launch Venue

ICE, owner of the New York Stock Exchange, announced strategic investments in trade xyz. The companies also plan to jointly launch a regulated platform for trading perpetual futures in the US based on Hyperliquid infrastructure.

Trading Volume

In just over a year, the total trading volume on trade xyz markets within the Hyperliquid ecosystem exceeded $6 billion. The platform allows round-the-clock trading of derivatives on stocks, stock indices, and commodities.

The next step is creating a separate American trading venue with its own infrastructure for exchange operations and clearing.

Market Reaction

Following the news, the HYPE token gained about 5%.