NYSE owner takes Trade[XYZ] stake as it plans US Hyperliquid futures

Intercontinental Exchange, which owns the New York Stock Exchange, and a crypto startup, Trade[XYZ], announced plans on Oct. 29 to set up a dedicated U.S. market for round-the-clock perpetual futures. The companies said that the proposed venue would cover crypto, equities, commodities and currencies and is subject to regulatory approval. Intercontinental Exchange is also planning a dedicated U.S. perpetual-futures market built on Hyperliquid, the platform on which Trade[XYZ] builds products.