ICE wants Hyperliquid-based markets in the US. What changes?

ICE and Trade[XYZ] plan to put perpetual futures on Hyperliquid inside a separate US trading and clearing structure. Access would come through regulated brokers, while the companies still need approvals for the proposed business. ICE has agreed to develop a US perpetual futures business on Hyperliquid with Trade[XYZ], targeting a retail market outside an existing futures franchise whose participation is more than 99% institutional. ICE’s October 29 announcement says the companies intend to seek approval for a dedicated market and clearing structure, including permission to support leveraged trading. The proposed contracts would cover crypto, equities, commodities, currencies and other assets.

Source: crypto.news