ICE plans US perpetual futures based on Hyperliquid, targeting retail traders

Intercontinental Exchange (ICE), owner of the New York Stock Exchange, announced plans to launch US perpetual futures based on Hyperliquid through a new entity Trade[XYZ]. The proposal targets retail traders and would be distributed through ICE's joint venture with OKX, pending regulatory approval. HYPE, Hyperliquid's native token, surged over 20% to trade above $96, approaching its all-time high of $97.96.