The companies said Thursday they would seek regulatory approval for markets covering cryptocurrencies, stocks, indexes, commodities and currencies.
The proposed market would target retail traders
ICE said it would operate separately from its institutional futures business, with a dedicated clearing structure. More than 99% of participation in its markets is institutional, ICE said, with the separate clearing structure intended to shield existing customers from retail counterparty risks. The proposal would give US retail traders a regulated route to Hyperliquid-based perpetual futures, and ICE a new route into retail trading.
President Donald Trump said on Aug. 19 that Commodity Futures Trading Commission (CFTC) Chair Michael Selig was working to bring Hyperliquid into the country in a “fully compliant and legal fashion.” Druckenmiller investment draws Musk reaction “I am excited to be an investor in trade(xyz),” Druckenmiller wrote on X, adding that he looked forward to using its products. Elon Musk also drew attention to the agreement, sharing Druckenmiller’s post with the one-word comment “Interesting.” ICE is taking a minority stake in Trade[XYZ], but disclosed neither the investment amount nor a launch date. Cointelegraph reached out to ICE and Trade[XYZ] for comment but had not received a response by publication.