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ICE Partners With Offshore Crypto Operator
29 Oct
Summary
- Intercontinental Exchange is forming a strategic partnership.
- The alliance is with a key operator of Hyperliquid.
- This could expand US access to crypto derivatives.
Intercontinental Exchange Inc. has entered into a significant partnership with one of the primary operators of the offshore crypto-trading platform Hyperliquid. This strategic alliance marks a pivotal development in the evolving cryptocurrency landscape.
The collaboration is expected to broaden the reach of crypto derivatives. Trade.xyz, a platform associated with this partnership, may soon be able to offer perpetual products to users in the United States.
Furthermore, the deal aims to bring previously unregulated trading activity into ICE's purview. By capturing trading actions that occur outside its established infrastructure, ICE could gain greater visibility and control over a wider segment of the crypto market.
