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ICE and Trade[XYZ] Launch Regulated U.S. Perpetual Futures Market

By Drooid · Oct 29, 2026 · How we work

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Summary

ICE partnered with Trade[XYZ] to launch a regulated U.S. perpetual futures market.
ICE will take a minority equity stake and act as exclusive operator.
Stanley Druckenmiller posted on X that he invested in Trade[XYZ] and will use its product.
Hyperliquid Strategies stock rose 19% to a three-week high as 111,000 options, including 86,000 calls, traded.
HYPE token increased roughly 20% to $96, close to its $97.96 record.

History

The CFTC, created in 1974 to oversee U.S. derivatives, classified Bitcoin a commodity in 2015 after a 2014 review. That authority enabled CME and CBOE to launch the first regulated Bitcoin futures in December 2017. Building on that precedent, ICE now partners with Trade[XYZ] to run a regulated perpetual futures market, attracting investors such as Stanley Druckenmiller.

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The CFTC, created in 1974 to oversee U.S. derivatives, classified Bitcoin a commodity in 2015 after a 2014 review. That authority enabled CME and CBOE to launch the first regulated Bitcoin futures in December 2017. Building on that precedent, ICE now partners with Trade[XYZ] to run a regulated perpetual futures market, attracting investors such as Stanley Druckenmiller.

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