THE BLOCK · 2026-10-29 14:44 UTC

HYPE surges 15% as NYSE parent ICE moves to bring Hyperliquid perps to US

ICE, NYSE's parent company, partnered with TradeXYZ to bring Hyperliquid-based perpetual futures to the U.S. under regulated framework, pending regulatory approval. ICE will operate the exchange and clearing, TradeXYZ designs markets, and Hyperliquid's HIP-3 provides technology infrastructure. HYPE token surged 15% to $91.21 on the announcement; deal follows CFTC no-action relief in May and Trump's push to bring Hyperliquid onshore.

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