ICE Advocates for Regulated 24/7 Onchain Perpetual Futures Trading
- Intercontinental Exchange (ICE) CEO Jeffrey Sprecher calls for regulators to permit regulated exchanges to offer 24/7 onchain perpetual futures trading.
- Sprecher claims current regulations hinder the competitive landscape, as decentralized exchanges like Hyperliquid already operate in this space.
- ICE is exploring synergies with Hyperliquid, which ranks as the seventh largest decentralized exchange with a daily trading volume of $195 million.
- OKX plans to introduce perpetual futures based on ICE’s Brent and WTI crude benchmarks, marking a new partnership initiative.
- Hyperliquid generates approximately $15.6 million in weekly fees, positioning itself as a significant player in the crypto derivatives market.
The push for a “level playing field” by ICE highlights the growing interest from traditional finance companies in leveraging blockchain technology for continuous trading options. This shift could reshape how financial products are traded and settled.
With Hyperliquid’s significant daily trading volume and fee generation, ICE’s advocacy for regulatory changes could lead to expanded opportunities within the DeFi space and beyond.
