ICE and trade[XYZ] plan regulated US perpetual futures built on Hyperliquid
The NYSE owner would run the regulated market and clearing, trade[XYZ] would design the contracts and Hyperliquid would supply the technology. Nothing is live yet: the plan still needs regulatory approval.

![Dark blue illustration titled ICE and trade[XYZ] plan US perps on Hyperliquid, with three cards for Hyperliquid infrastructure, trade[XYZ] market design and ICE regulated venue](/assets/art-640.513131074b27bc65.webp)
