Crypto reporter Eleanor Terrett says ICE reissued its announcement on cooperation with Trade.xyz, reinforcing the regulatory approval condition
According to a post by crypto reporter Eleanor Terrett on X on October 31, Intercontinental Exchange (ICE, the parent company of the New York Stock Exchange) has reissued its announcement on cooperation with Trade.xyz and its plan to bring Hyperliquid-based perpetual contracts to the United States. Terrett said that after ICE deleted the original post last night, it had caused mild panic among some X users, who worried that the cooperation had been canceled.
The new announcement places greater emphasis on conditions. ICE’s official account said that ICE and Trade[XYZ] “plan” to bring Hyperliquid-based perpetual contracts to the United States; “subject to regulatory approval,” ICE will operate a U.S. regulated version of the Trade[XYZ] market, leveraging its expertise as the primary deployer of real-world-asset perpetual contracts on Hyperliquid. The new trading venue will be independent of ICE’s institutional futures business and will be aimed at retail participants. After launch, U.S. traders will be able to trade crypto assets, stocks, indices, commodities and foreign exchange around the clock. Users will access the platform through U.S.-regulated futures commission merchants (FCMs), including the joint venture between ICE and OKX. ICE and Trade[XYZ] will seek the relevant approvals to operate a KYC-compliant perpetual contracts market on Hyperliquid, including the regulatory approvals needed to support leveraged trading.
Terrett speculated that the stronger emphasis on conditions in the new announcement may simply reflect extra caution by the legal team. Previously, on October 29, ICE had already announced in a formal press release its cooperation with Trade.xyz, planning, after receiving regulatory approval, to bring Hyperliquid-based perpetual markets into a U.S. regulated framework and to become the exclusive operator of its regulated market, while also making a strategic investment.
Original sources
Title: Eleanor Terrett X post (about ICE reissuing the announcement)
Posted by: Eleanor Terrett (@EleanorTerrett)
Date published: 2026-10-31
URL: https://x.com/EleanorTerrett/status/（对应帖文 ID can be checked)
Nature of source: Original post by a reporter (including quoted ICE official post)
Verification status: The text of the post and the ICE reissued content it quoted were read
Supporting content: The deletion of the original post caused panic, the reissue, the new version emphasizing “plans to” and “subject to regulatory approvals,” and the speculation about legal caution.Title: Intercontinental Exchange and Trade[XYZ] to Bring Hyperliquid-Based Perpetual Markets Onshore
Posted by: Intercontinental Exchange (official press release)
Date published: 2026-10-29
URL: https://s2.q4cdn.com/154085107/files/doc_news/Intercontinental-Exchange-and-TradeXYZ-to-Bring-Hyperliquid-Based-Perpetual-Markets-Onshore-2026.pdf
Nature of source: Official company announcement
Verification status: The statements related to the cooperation parties, regulatory conditions and Hyperliquid infrastructure were checked against the source
Supporting content: formal cooperation framework, strategic investment, subject to regulatory approval, independent of the institutional futures business, etc.
ABAB AI Insight
The delete-and-repost on social media did not change the core condition of “subject to regulatory approval” that was already present in the October 29 formal press release, and the announcement on the official investor relations page remains online. The adjustment mainly appeared in the wording of the social post, shifting the expression from relatively definite language to a clearer “plan” and “subject to approval.”
Terrett’s speculation about legal caution is consistent with common practice among traditional financial institutions in crypto-related social media communications: formal documents retain full qualifiers, while social versions may be temporarily adjusted or reposted due to compliance review. There is currently no evidence that the cooperation itself has been canceled or materially changed.
The key going forward still depends on the progress of relevant regulatory approvals such as those from the CFTC, as well as the approval status of the ICE and OKX joint venture as an FCM. The volatility of the social media post itself does not constitute independent evidence of the cooperation’s status.