Hyperliquid's HYPE Jumps 13% as NYSE Owner ICE Moves to Bring Its Perpetual Futures to the US

What happened: Intercontinental Exchange, owner of the NYSE, signed a definitive agreement to become the exclusive operator of Trade[XYZ]'s regulated markets and is taking a strategic stake, aiming to bring Hyperliquid-based perpetual futures to the US. Key numbers: HYPE rose from a daily open of $80.69 to a high of $92.10 on KuCoin, about 13%, Why it matters: The deal still needs regulatory approvals and has no launch date. Stan Druckenmiller publicly backed it as a Trade[XYZ] investor, and ICE CEO Jeffrey Sprecher called the perpetuals additive to its futures markets, not a replacement. Coverage: 3 outlets in 24h

Intercontinental Exchange, owner of the NYSE, signed a definitive agreement to become the exclusive operator of Trade[XYZ]'s regulated markets and is taking a strategic stake, aiming to bring Hyperliquid-based perpetual futures to the US.

The deal still needs regulatory approvals and has no launch date. Stan Druckenmiller publicly backed it as a Trade[XYZ] investor, and ICE CEO Jeffrey Sprecher called the perpetuals additive to its futures markets, not a replacement.