ICE · News · 20261103N
Perpetual Futures Market Launch
Intercontinental Exchange, Inc. · 2026-11-03 · Importance null · Surprise null · In source text
ICE plans to launch a derivatives exchange for perpetual futures using Hyperliquid’s infrastructure. The initiative, alongside a similar arrangement involving Kraken parent Payward, is intended to provide U.S. retail investors access to perpetual futures through U.S. operators. ICE also plans to take a minority stake in Trade.xyz, a Hyperliquid-based platform; the reported approach depends on regulatory approval.
Key facts
- Intercontinental Exchange plans to launch a new derivatives exchange for perpetual futures built on Hyperliquid's infrastructure. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | positive | contingent | — | Intercontinental Exchange plans to launch a new derivatives exchange for perpetual futures built on Hyperliquid's infrastructure. |