Intercontinental Exchange reposted its partnership announcement with TradeXYZ after deleting an earlier post. The updated wording says the parties plan to bring Hyperliquid-based perpetuals to the US, with any regulated versions subject to regulatory approvals.
Why it matters
The proposal centers on KYC-compliant perpetual markets built on Hyperliquid, including leveraged trading. ICE and TradeXYZ are seeking approvals to support the planned market; the repost does not say those approvals have been granted.
Market impact
The partnership puts regulated access to Hyperliquid-based perps on the agenda, but the announcement describes a conditional plan rather than an authorized launch. Regulatory decisions will determine whether and how the proposed US market can operate.
Frequently asked questions
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What did ICE and TradeXYZ say they plan to bring to the US?
They plan to bring Hyperliquid-based perpetual markets to the US, with regulated versions subject to regulatory approvals.
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Does the repost confirm that US regulatory approval has been granted?
No. The updated announcement says regulated versions are subject to approvals, and that the parties are seeking them.
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What features would the proposed market support?
The proposed market would support KYC-compliant perpetual trading, including leveraged trading.
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Why did ICE's revised wording matter?
It emphasized that the US launch is a plan contingent on regulatory approvals, rather than a confirmed authorization.
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What role does Hyperliquid have in the proposed market?
The planned perpetual markets would be built on Hyperliquid.
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