Intercontinental Exchange and Trade[XYZ] to Bring Hyperliquid-Based Perpetual Markets Onshore

Jeffrey C. Sprecher, Chair and Chief Executive Officer of ICE

“We’ve seen a clear increase in retail participation in markets, and that participation is becoming far more global, with retail traders increasingly seeking short-duration exposure, often around the clock. Together with Trade[XYZ], and subject to regulatory approvals, we intend to bring these markets into a U.S. regulated framework, combining Trade[XYZ]’s retail market expertise with ICE’s exchange, clearing and regulatory capabilities,”

Jeffrey C. Sprecher, Chair and Chief Executive Officer of ICE

“We intend to find retail traders where they want to be, through the partners, brokers, and platforms they already use. We see these perp markets as additive to our futures markets, not a replacement for them.”

Trade[XYZ], Company

“Trade[XYZ] was built on a vision of bringing the world's most important markets on-chain, available 24/7. A year later, that vision is real: a new venue for price discovery, open whenever the world moves,”

Trade[XYZ], Company

“ICE brings the regulatory, technological and market expertise to help us realize that ambition in America. Jeff Sprecher and his team have spent decades proving that scale and innovation are not at odds. We’re honored to build the next generation of markets that traders deserve with ICE.”