Stanley Druckenmiller disclosed his investment in Trade xyz in his first post on X on October 29, 2026, backing its push with Intercontinental Exchange (ICE) to bring round-the-clock perpetual futures trading to the United States. HYPE rose 17.64% in 24 hours following the news, while Elon Musk amplified the announcement.
Druckenmiller expressed strong support for the partnership and said he plans to use the platform’s products to improve his own investment decisions. Musk reposted his message with a one-word comment: “Interesting.”
Druckenmiller’s Trade xyz investment backs a 24/7 trading plan
Trade xyz and ICE , the owner of the New York Stock Exchange, plan to develop a dedicated U.S. perpetual futures market on Hyperliquid . The proposed launch requires approval from the Commodity Futures Trading Commission .
According to Trade xyz’s announcement, the venue would offer continuous trading in contracts tied to equities, indices, commodities, foreign exchange and cryptocurrencies. Eligible U.S. customers would gain access through participating brokers and trading platforms, supported by dedicated exchange and clearing infrastructure.
Perpetual futures have no fixed expiration date, unlike conventional futures contracts. The proposed market would bring that trading structure to a regulated U.S. venue.
Alongside Druckenmiller’s investment in Trade xyz, ICE is making a strategic investment in the business. Trade xyz said its existing Hyperliquid markets have handled more than $650 billion in volume in just over a year and would continue operating alongside the planned U.S. venue.
Following the announcement, HYPE reached $94.64 , putting it 4.3% below its all-time high .
Article produced with the assistance of artificial intelligence and reviewed by the editorial team.
