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Deep & Emerging Tech·October 30, 2026·1 min read

NYSE owner ICE plans US-regulated Hyperliquid-based perpetual markets with Trade.xyz, a market operator on the crypto platform, and takes a stake in Trade.xyz

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Perpetuals are moving from offshore venues into US-regulated wrappers, with ICE wiring Hyperliquid liquidity into a compliant market. If you’re building in crypto, assume the bar is shifting from “can we trade this?” to “can we plug into regulated rails without losing speed.”

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