Stan Druckenmiller Confirms Trade.xyz Stake, Says He Plans to Use Its Hyperliquid Perps
By Unchained
AI summary of the source article
Investor Stan Druckenmiller confirmed his stake in trade.xyz as the platform partners with Intercontinental Exchange to bring 24/7 perpetual futures on Hyperliquid to the United States, subject to regulatory approval.
Why it matters
“We see these perp markets as additive to our futures markets, not a replacement for them,” said ICE Chair and CEO Jeffrey Sprecher.
Key facts
- Stan Druckenmiller confirmed an undisclosed investment stake in trade.xyz.
- Intercontinental Exchange made a minority strategic investment in trade.xyz and will exclusively operate its regulated markets.
- The launch of trade.xyz's 24/7 perpetual futures platform in the U.S. is subject to CFTC regulatory approval.
Source excerpt · Unchained
Druckenmiller said he is "excited" to back trade.xyz, whose ICE-run U.S. market for 24/7 perpetual futures still needs regulatory approval. The post Stan Druckenmiller Confirms Trade.xyz Stake, Says He Plans to Use Its Hyperliquid Perps appeared first on Unchained .