HYPE teases all-time high as NYSE owner ICE eyes US Hyperliquid perps
HYPE rose about 20% to above $96 after Intercontinental Exchange (ICE), the New York Stock Exchange’s parent, announced plans with Trade[XYZ] to seek regulatory approval for US retail perpetual futures. The proposed markets would cover crypto, stocks, indexes, commodities and currencies, operate with a separate clearing structure, and require identity and anti-money-laundering checks. ICE is taking a minority stake in Trade[XYZ], but the investment amount and launch date were not disclosed. Distribution may use ICE’s joint venture with OKX, subject to approvals. The plan is distinct from ICE and OKX’s tokenized-stock venture, which has drawn objections from 38 companies. Regulatory approval for the futures proposal remains uncertain; the CFTC has said perpetuals tied to asset classes beyond bitcoin require case-by-case review.
