NYSE Owner Plans to Bring Hyperliquid-Based Perpetual Futures to U.S. -- WSJ
Dow Jones2026/10/29 15:36By Vicky Ge Huang
Intercontinental Exchange said Thursday that it is partnering with the creator behind some of the most popular perpetual futures on Hyperliquid to bring these derivative contracts to the U.S.
The owner of the New York Stock Exchange said it will work with the creator, Trade[XYZ], to establish a new regulated market and clearing structure for perpetual futures tied to crypto, equities, commodities, foreign exchange and other real-world assets, pending regulatory approval. The venue will incorporate know-your-customer and anti-money-laundering standards.
Intercontinental Exchange said it is also making a strategic investment in Trade[XYZ]. Separately, hedge fund billionaire Stan Druckenmiller said he is also an investor in the company.
Hyperliquid, a decentralized crypto exchange, has risen in popularity this year as traders flocked to the 24/7 trading venue for perpetual futures on traditional assets like commodities and stocks. Perpetual futures are a type of highly speculative derivatives that never expire and give traders continuous, leveraged exposure to assets.
This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).
(END) Dow Jones Newswires
October 29, 2026 11:36 ET (15:36 GMT)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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