ICE and trade.xyz plan a US perpetual futures market on Hyperliquid infrastructure, pending regulatory approval

HyperliquidNews says ICE is taking a stake of undisclosed size in trade.xyz for a planned US perpetual futures market built on Hyperliquid infrastructure. The proposed market would use trade.xyz products tracking stocks, indices, commodities and currencies, and have its own clearing, KYC and AML processes. HyperliquidNews says the plan is pending regulatory approval. DegenerateNews reports that Stan Druckenmiller also backs trade.xyz and that the market is planned to operate 24/7.