Key insights
- ICE deleted the original X post, but kept their website announcement.
- The proposed use in the U.S. is subject to regulatory clearance and individual compliance measures.
- Hyperliquid assets jumped on the news of the partnership, though the effect of the deletion is yet to be confirmed.
Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, has deleted an X post about its planned Hyperliquid futures partnership. The October 30 removal followed its October 29 announcement of an agreement with TradeXYZ, which aims to bring perpetual futures to regulated US markets.
ICE has not explained the deletion. However, its official website still carries the partnership announcement, while its X account retains a repost of TradeXYZ’s promotional content. The distinction leaves the agreement’s status unchanged publicly, although the reason for removing the original post remains unclear.
🚨ICE DELETES TWEET ABOUT PARTNERSHIP WITH TRADEXYZ ON HYPERLIQUID U.S. PERPS!
NYSE parent company @ICE_Markets has deleted its post about the collaboration with @tradexyz, aimed at bringing Hyperliquid perpetual products to the U.S. market.
The corresponding post from… pic.twitter.com/mA8IW7SD88
— Crypto Banter (@crypto_banter) October 31, 2026
ICE removes post while keeping partnership details online
According to Odaily’s October 31 report, ICE removed its original social media post announcing the TradeXYZ partnership. The company has not publicly identified a reason for the decision.
Nevertheless, ICE has left its official press release online. Its account also continues to display a repost of TradeXYZ’s promotional message. These remaining communications do not establish any change to the agreement, but they show that ICE has not withdrawn every public reference to the planned launch.
The original announcement outlined a proposed US perpetual futures market built on Hyperliquid’s blockchain infrastructure. ICE also agreed to make a strategic investment in TradeXYZ as part of the arrangement.
The proposed products would track stock indexes, commodities and currencies. However, the companies must secure regulatory approval before launching the service in the United States.
Proposed futures market targets regulated US trading
ICE wants to bring a trading system that uses blockchain technology with rules made for financial markets that are watched closely. The new plan has ways to handle clearing ways to check who the customers are and steps to stop illegal money activities.
These requirements could distinguish the planned service from offshore crypto derivatives platforms. In particular, ICE’s established exchange and clearing operations could help structure products for US customers under applicable regulatory requirements.
Regulatory approval is still a requirement. I believe the announcements that are public do not show a launch date and they also do not explain the rules that control access, use or product availability.
The partnership also shows the growing overlap, between financial exchanges and decentralized trading infrastructure. Of replacing its existing futures business ICE has said that perpetual futures are a complementary market.
That distinction matters because perpetual contracts do not have fixed expiration dates. Traders can keep positions without having to roll contracts at an expiry, which is why these instruments are popular, across cryptocurrency derivatives markets.
Hyperliquid ecosystem faces fresh market scrutiny
ICE’s announcement attracted attention to Hyperliquid and companies associated with its ecosystem. Market participants viewed the proposed partnership as a potential route for blockchain-based derivatives into a regulated US trading environment.
Hyperliquid operates a decentralized exchange focused on perpetual futures. The supplied reporting places its daily trading volume at approximately $8.6 billion and estimates its share at around 40% of the decentralized perpetual futures market.
The announcement also coincided with a sharp reaction in related assets. HYPE, Hyperliquid’s native token, reportedly climbed to $96.70 at one point. Shares of Hyperliquid Strategies, identified in the reporting by the ticker PURR, rose more than 23% in a single session.
Options activity increased as well. Reported PURR options volume exceeded 111,000 contracts, more than six times its 30-day average. Call options counted 86,000 contracts while put options counted fewer, than 27,000 contracts. These numbers show how the market reacted to the partnership announcement and do not show the effects of ICE deleting its post. The available information does not establish that the removal triggered a specific price movement.
Regulatory Questions Will Shape the Deal’s Impact
The main problem is whether ICE and TradeXYZ can get permission for their plan, for how the market will work. Having clearing checking customers and rules to stop money laundering might help their request but the people who watch over the industry will decide if the plan follows the rules.
Leverage could also influence the product’s competitiveness. The supplied reporting indicates that regulated perpetual futures could offer leverage of roughly five to ten times, although final terms remain unconfirmed. That range would sit below the maximum leverage available on some offshore platforms.
The choice to go with social media for ICE is for them a topic of interest, which doesn’t automatically imply that they are in trouble with regulators. The company’s remaining press release offers proof that the company has not deleted its official announcement.
In the short term, regulatory disclosures, clarification from ICE and/or TradeXYZ, and updates on the proposed product structure will be the next important developments. Until either of the two companies can provide an explanation for the removed post, the scenario remains murky.
