NYSE parent ICE pushes ‘level playing field’ for 24/7 onchain perps
ICE, parent of NYSE, is pressing regulators to let regulated exchanges offer 24/7 onchain perpetual futures, saying existing rules block something already happening in crypto. CEO Jeffrey Sprecher said ICE has had exploratory talks with Hyperliquid to learn about onchain perps and the connection between crypto and traditional finance. He argued for a “level playing field” as more TradFi firms move toward always-on trading via blockchain rails. ICE is already expanding in crypto through a broader partnership with OKX, and NYSE has also partnered with Securitize on blockchain-based stock trading infrastructure aimed at 24/7 trading and settlement. Sprecher praised Hyperliquid’s rapid rise, saying it has become a serious competitor despite its small team, highlighting pressure on regulated exchanges from always-on decentralized derivatives venues.
