NYSE's Parent Company Wants to Bring 24/7 Onchain Perpetual Futures to the Masses — Here's What That Means
(126 days ago) · 1 source · Summarized by CryptoBipto
Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, is pushing for a 'level playing field' in the world of 24/7 onchain perpetual futures trading. The move signals a major traditional finance player looking to bridge the gap between legacy markets and decentralized crypto trading infrastructure. ICE appears to be exploring integration or competition with existing onchain perpetual platforms like Hyperliquid.
WHY IT MATTERS
Imagine the company that runs the New York Stock Exchange — one of the biggest financial marketplaces on Earth — saying it wants to play in the same sandbox as crypto-native trading platforms. Perpetual futures (or 'perps') are a popular crypto trading product that lets you bet on whether an asset's price will go up or down, without the contract ever expiring — unlike traditional futures that have set end dates. Right now, these mostly trade on crypto-specific platforms that run 24/7 on blockchains. ICE stepping into this space is like a major airline saying it wants to compete with budget carriers — it legitimizes the market and could bring a flood of new money and users, but it also means the rules of the game might change for everyone.
Read the full analysis with a CryptoBipto membership
Members can read the full analysis of every story, not just the headline.
Get startedSOURCES
- Source
RELATED
Learn the concepts behind this
Clear explanations of the subjects this article touches, with every term defined.
- How are institutions and regulators approaching crypto?What institutional adoption means in crypto, how spot ETFs and corporate treasury holdings work, and how regulation shapes what is available to ordinary users.
- How do crypto trading and market structure work?How crypto markets are actually built — spot and futures, margin and leverage, liquidation, market makers, spreads and slippage — explained term by term.
- What is DeFi, and how does decentralized finance work?Decentralized finance explained: liquidity pools, yield farming, impermanent loss, DAOs and governance tokens, each with its own definition page.