Ice launches at high time with US perps market
ICE to launch Hyperliquid perps
In this article
Introduction
ICE plans Hyperliquid perps market 1. The company will seek regulatory approval for markets covering cryptocurrencies, stocks, indexes, commodities and currencies 1. This move is significant for US retail traders, who will have a regulated route to Hyperliquid-based perpetual futures 1. ICE's announcement has generated interest among investors, including billionaire Stanley Druckenmiller 1.
HYPE token surges after news 1. The token surged about 20% Thursday, trading above $96 at the time of writing 1. This increase brings the token close to its all-time record of $97.96 1. The surge in HYPE token price is a direct result of ICE's announcement, which has boosted investor confidence 1.
Following its announcement, ICE will operate separately 1. The company will operate its new market separately from its institutional futures business 1. This separation is intended to shield existing customers from retail counterparty risks 1. With over 99% of participation in its markets being institutional, ICE's move into retail trading is a significant expansion 1.
HYPE surges 20%
Market Plans
Regulatory approval is sought by ICE for its proposed market 1. The company plans to cover various assets, including cryptocurrencies, stocks, indexes, commodities, and currencies 1. This move is expected to provide a regulated route for US retail traders to access these products 1. It will operate separately from its institutional futures business.
More than 99% of participation in ICE's markets is institutional 1. The separate clearing structure is intended to shield existing customers from retail counterparty risks 1. ICE invested in OKX at a $25 billion valuation in March 1. The distribution of the proposed market is expected to be through ICE's joint venture with OKX, pending separate approvals 1.
Traders must undergo identity and Anti-Money-Laundering checks 1. They trade through participating futures brokers 1. The proposed market targets retail traders, giving them a new opportunity to engage with cryptocurrency derivatives 1. Plans have garnered attention from notable figures, including Elon Musk and Stanley Druckenmiller 1.
Impact
US retail traders will benefit from the proposed market, according to plans unveiled by ICE and Trade[XYZ] 1. They gain a regulated route to trade 1. This development is significant for US crypto investors. The plans are notable, sparking interest among industry watchers 1.
Policymakers at ICE say the proposed market will operate separately from its institutional futures business, with a dedicated clearing structure 1. Nearly 99% of participation in its markets is institutional, ICE said 1. The separate clearing structure is intended to shield existing customers from retail counterparty risks 1. Thus, this structure will protect customers.
President Donald Trump said that CFTC Chair Michael Selig was working to bring Hyperliquid into the country in a fully compliant and legal fashion 1. ICE's investment in Trade[XYZ] is a minority stake, but the company disclosed neither the investment amount nor a launch date 1. Customers would undergo identity and Anti-Money-Laundering checks 1. Distribution is expected through ICE's joint venture with OKX.
Comparison
Gold nears record 4.
Bitcoin shows strong demand 4.
BTC faces resistance 4.
Analysis
According to Coin Edition 4, Bitcoin's price is sensitive to Fed policy, liquidity, dollar strength, and risk appetite. The Federal Reserve held rates at 3.75%–4% on October 28 4. Two policymakers favored an increase, which could impact Bitcoin's price 4. This sensitivity is a key factor in Bitcoin's market trends.
Meanwhile, analysts note that gold faces pressure from U.S. 10-year real yields at 2.67% 4. Even so, gold retains support from 39 tonnes of net central-bank purchases in August 4. Still, geopolitical safe-haven demand is also a potential factor supporting gold 4. Consequently, these factors contribute to the complex market trends in gold and Bitcoin.
Hyperliquid's native token HYPE surged about 20% after ICE announced plans for US perpetual futures 1. This development could have significant implications for Bitcoin and gold markets 1. As reported by Coin Edition 4, Bitcoin ETF demand has improved, with SoSoValue reporting $137.3 million in net inflows on October 28 4. This improvement in demand could be an important factor in Bitcoin's market trends 4.
Frequently asked questions
What is Hyperliquid?
Hyperliquid is a decentralized exchange 1.
What is the proposed market?
The market is for perps 1.
How did HYPE react?
HYPE surged after news 1.
About this article
Our system reads Bitcoin, Ethereum, crypto markets, regulation and DeFi coverage from established publishers every hour. A story is only written when at least three independent outlets report it. Every figure must appear in a cited source, and each draft passes automated checks for accuracy, originality and readability. Drafts that score highly on every check publish automatically; the rest wait for a human editor. Drafted with AI assistance from the sources listed. Not financial or professional advice.
- Published.
- cointelegraph.com: HYPE teases all-time high as NYSE owner ICE eyes US Hyperliquid perps · Oct 29, 2026 ET
- Bloomberg.com: NYSE Owner Plans Market for Hyperliquid Perpetual Futures in US · Oct 29, 2026 ET
- Benzinga: Jason Calacanis Says Bitcoin Will Never Hit a New All-Time High Again — Grant Cardone Bets $1 Million He · Oct 29, 2026 ET
- Coin Edition: Bitcoin vs Gold: Which Asset Could Reclaim Its All-Time High First? · Oct 29, 2026 ET
