Hyperliquid Token Nears All-Time High After ICE Eyes US Perp Futures
HYPE surged after NYSE parent ICE and TradeXYZ announced plans to launch US-regulated perpetual futures tied to Hyperliquid.
Hyperliquid's native token HYPE pushed toward an all-time high after Intercontinental Exchange — the parent company of the New York Stock Exchange — and crypto platform TradeXYZ jointly unveiled plans to bring perpetual futures trading tied to Hyperliquid to regulated US markets, according to a Cointelegraph report.
The announcement marks a significant potential milestone for the decentralized derivatives exchange, which has built a loyal user base largely outside traditional financial infrastructure. ICE's involvement signals growing institutional appetite for crypto-native trading products that have until now lived primarily in offshore or decentralized venues.
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Perpetual futures — contracts with no expiration date that track an underlying asset's price — have become among the most traded instruments in crypto globally, but US regulatory constraints have kept them largely inaccessible to American retail and institutional traders through compliant channels. A partnership anchored by an exchange operator of ICE's stature could change that calculus.
The market reacted swiftly to the news, with HYPE rallying sharply as traders anticipated that US institutional distribution could dramatically expand demand for the token and the protocol it powers. Whether the product clears regulatory hurdles remains an open question, but the announcement alone was enough to reignite bullish momentum in the token.
Continue reading at Cointelegraph.
