NYSE Owner ICE Partners with Trade.xyz for US Hyperliquid Perpetual Futures Exchange
Intercontinental Exchange (ICE) plans to launch regulated Hyperliquid perpetual futures in the US through a partnership with Trade.xyz, pending regulatory approval.
Intercontinental Exchange (ICE) plans to launch regulated Hyperliquid perpetual futures in the US through a partnership with Trade.xyz, pending regulatory approval. Hyperliquid (HYPE) is trading at ₹8,634 ($90.60), up 1.0% since this brief published. This is an original Token Times brief synthesising 4 outlets (Unchained, Crypto.news, Coinfomania, and others), plus live market data, as of Thu, 29 Oct 2026 14:15:01 UTC.
This development aims to bring a new level of liquidity and accessibility to crypto derivatives trading in the US, leveraging ICE's market infrastructure and Trade.xyz's technology. The outcome could significantly impact institutional participation and regulatory standards in the crypto derivatives market.
- NYSE owner ICE teams up with Trade.xyz to bring Hyperliquid trading to the US ↗
- NYSE Owner ICE to Bring Hyperliquid Perps to the US Through Trade.xyz Partnership ↗
- ICE and trade[XYZ] Plan 24/7 Perpetual Futures on Hyperliquid for U.S. Traders ↗
- ICE and trade[XYZ] Announce Use of Hyperliquid for Futures ↗
- ICE partners with Trade.xyz to launch regulated Hyperliquid perpetual futures in the US.
- The venture requires CFTC approval and will operate through a separate exchange and clearinghouse.
- Investor Stan Druckenmiller is backing the initiative.
- Hyperliquid's TVL is $1.81B, with its token up 11.52% in the last 24 hours.
Both Unchained and Crypto.news report that ICE, the parent company of the NYSE, is partnering with Trade.xyz to develop a regulated platform for Hyperliquid perpetual futures in the US. They agree that the project is pending CFTC approval and will involve a separate exchange and clearinghouse. However, only Unchained mentions that investor Stan Druckenmiller is involved in the project, while Crypto.news focuses more on the regulatory and market implications.
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- Trade.xyz Introduces NIFTY 50 Perpetual Futures with 20x Leverage
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- NYSE Owner ICE Partners with Trade.xyz for US Hyperliquid Perpetual Futures Exchange — this brief
Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, is partnering with Trade.xyz to launch a regulated platform for 
Hyperliquid perpetual futures in the United States. The venture aims to provide round-the-clock trading of these derivatives, which are known for their high liquidity and leverage.
The proposed platform will operate through a separate exchange and clearinghouse, which is necessary to comply with US regulatory requirements. The initiative is currently awaiting approval from the Commodity Futures Trading Commission (CFTC). This development is significant as it represents a major push by a traditional financial institution to enter the crypto derivatives market.
The partnership has garnered attention due to the involvement of Stan Druckenmiller, a well-known investor, who is backing the initiative. This adds credibility and could attract further institutional interest in the project.
Hyperliquid, the platform at the center of this development, currently has a total value locked (TVL) of $1.81 billion, according to DeFiLlama. The Hyperliquid token (HYPE) has seen a 24-hour price increase of 11.52%, reaching $89.67, and is up 14.57% over the past week. This positive market movement suggests investor confidence in the project's potential.
The broader crypto market remains relatively flat, with a total market cap of $2.76 trillion. 
Bitcoin is down 0.66% in the last 24 hours, trading at around $37,000. The Fear & Greed Index stands at 51, indicating a neutral market sentiment.
Since this brief published about 3 hours ago, Hyperliquid (HYPE) has moved from ₹8,545.21$89.67 to ₹8,633.83$90.60 — +1.04%.
The chart plots HYPE's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from Token Times's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 HYPE ≈ ₹9,377.55 (about $90.60), up 13.7% over 24 hours. The rupee itself trades about 8.6% above the official rate on the P2P market, so a Indian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · October 29, 2026.
Token Times reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
NYSE Owner ICE Partners with Trade.xyz for US Hyperliquid Pe — questions & answers
What is the status of the regulatory approval for the new exchange?
The project is pending approval from the Commodity Futures Trading Commission (CFTC).
Who is backing the initiative besides ICE and Trade.xyz?
Investor Stan Druckenmiller is also supporting the project.
How has the Hyperliquid token performed recently?
The HYPE token is up 11.52% in the last 24 hours and 14.57% over the past week.
How much is 1 Hyperliquid worth in rupee today?
About ₹9,377.55 at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $90.60. The rupee price moves with both HYPE's US-dollar price and the USDT/INR rate; use our Hyperliquid in rupee page for any amount.
Has Hyperliquid's price moved since this brief was published?
HYPE is up 1.04% since this brief first published — trading at ₹8,634 ($90.60) now versus ₹8,545 ($89.67) at publication. Token Times re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from Unchained, Crypto.news, Coinfomania, Blockonomi, with the key figures cross-checked for agreement across them. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.