You Can Now Trade Official S&P 500 Perpetual Futures via Hyperliquid
Hyperliquid traders can now access perpetual futures that track the S&P 500, following a licensing deal between S&P Dow Jones Indices and Trade[XYZ]. This marks the first officially licensed, digitally native S&P 500 futures product available to investors outside the U.S., offering leveraged exposure to the major U.S. stock index. Trade[XYZ] has recently expanded its offerings on Hyperliquid to include markets based on real-world assets like gold and oil, with contracts settled in USDC stablecoin on a decentralized exchange. Perpetual futures based on indices and ETFs make up a growing share of Hyperliquid's trading volume, reaching $215 million on Sunday, or 5.5% of activity. Despite still lagging behind crypto and commodities, the move signals growing interest from traditional finance players in blockchain-based perpetual futures. Hyperliquid’s token (HYPE) trades at $43, up 7% for the day but down from a $59 September high; it has gained 225% over the past year. U.S. regulators have indicated plans to create a legal framework for perpetual futures, which are derivatives allowing indefinite speculation on asset prices.
