Druckenmiller Backs Trade[XYZ] to Bring 24/7 Perpetual Futures to the U.S.

Stanley Druckenmiller has invested in Trade[XYZ], a startup working with NYSE parent ICE to offer round-the-clock perpetual futures on Hyperliquid in the U.S. The amount was not disclosed; the ICE[XYZ] market needs CFTC approval, and CME is already suing the regulator over such products.

• Druckenmiller announced the investment on X on Oct. 29; amount undisclosed
• ICE will be exclusive operator of the proposed ICE[XYZ] market pending CFTC approval
• HYPE token rose nearly 20%; Hyperliquid Strategies (PURR) shares gained about 19%
• CME has sued the CFTC, and Better Markets warns of systemic risk