Exchange holding ICE opens access to perpetual futures for American traders. Trades will be executed through the crypto platform Hyperliquid. The plans were announced on October 29.
Who is ICE. It is Intercontinental Exchange, the owner of the New York Stock Exchange. That is, a heavyweight of traditional markets, not a crypto startup.
A perpetual future is a contract on the price of an asset without an expiration date: a leveraged position can be held for as long as the margin allows. For a trader this means one thing: an instrument of offshore crypto exchanges is coming to a regulated US venue.
Why is this important?
Perpetuals are the main instrument of the crypto speculator by trading volume. At the same time, in the US it long remained outside the regulated market.
- Hyperliquid - a decentralized platform built specifically for perpetual contracts
- HYPE - the ticker of Hyperliquid's own token
- ICE - an infrastructure heavyweight of traditional markets that is taking this infrastructure for itself
What does this mean for a trader?
An instrument that previously lived only on offshore crypto exchanges is entering the American regulated showcase.
The main point: this is new liquidity and a new circle of participants in perpetuals.
What's next?
The specifics have not yet been disclosed. This is exactly the main thing worth following further.
- Launch timing. The start date of trading has not been announced.
- List of contracts. Which assets will be available is unknown.
- Access conditions. Who will be able to trade and under what rules has also not been disclosed.
It is convenient to follow the dates of key market events in the economic calendar.
Do you trade perpetuals with leverage?
Perpetuals are a convenient thing until you sit down at someone else's account. Prop companies in crypto have their own list of permitted instruments and venues. Somewhere perpetual contracts are the basis of the program, somewhere leverage is cut to a minimum, and somewhere access is reduced to a couple of pairs. You need to see this in the selection conditions, not at the moment when a position was closed for a violation. The calculator will filter programs for your instrument in a minute.