In brief – Intercontinental Exchange will be the exclusive operator of Trade[XYZ]’s regulated markets and is taking a strategic stake in the company, subject to regulatory approvals and with no launch date. – HYPE rose from a daily open of $80.69 to a high of $92.10 on KuCoin,…
out 7% below its September record near $98. – The Fed held rates at 3.75% to 4% in a 10-2 vote, with two officials wanting a hike, while WTI crude traded near $100 and the 10-year Treasury yield sat at about 5%. HYPE, the token behind the Hyperliquid exchange, jumped about 13% on Thursday to roughly $91 after Intercontinental Exchange, the owner of the New York Stock Exchange, announced a deal to bring Hyperliquid-based perpetual futures to the United States
The token climbed from a daily open of $80.69 to a high of $92.10 on KuCoin, leaving it about 7% below the record near $98 it set in September. Hyperliquid’s token now trades at around a $22.4 billion market capitalization. ICE and Trade[XYZ], a company that runs markets for real-world assets on Hyperliquid, signed a definitive agreement that makes ICE the exclusive operator of Trade[XYZ]’s regulated markets, and ICE is taking a strategic stake in the company.
ICE will build a dedicated retail market and clearing structure for the product, which still needs regulatory approvals and has no launch date. We’re honored to have your trust and support. https:// — trade.xyz (@tradexyz) October 29, 2026 Perpetual futures are derivatives with no expiry date that let traders take leveraged positions, meaning bets amplified with borrowed money. Trade[XYZ] already offers eligible users outside the U.S. around-the-clock perpetuals on stocks, equity indices, commodities and currencies, while Hyperliquid provides the underlying infrastructure.