# HYPE Rose 15% After ICE Plan to Bring Hyperliquid Perpetuals to U.S.

By Enna Lee

Canonical URL: https://www.tokenpost.com/news/investing/43676
Published: 2026-10-29T16:25:19.000Z
Updated: 2026-10-29T16:25:19.000Z
Section: Investing

> ICE says more than 99% of its market participation is institutional. The planned retail contracts would have a separate clearing structure.

The proposal would make Hyperliquid perpetual contracts available to U.S. traders, extending access in a market where institutions make up more than 99% of ICE’s participants.

HYPE rose 15% following the plan. ICE says the retail perpetuals would have a separate clearing structure intended to keep its hedgers clear of retail counterparty risk.

ICE’s institutional share is the backdrop to the proposed change: its market participation is overwhelmingly institutional, while the planned Hyperliquid contracts would be aimed at retail traders in the United States. The separate clearing structure is meant to keep the retail contracts from creating counterparty risk for ICE’s hedgers.

The plan centers on two linked elements: wider access to Hyperliquid perpetuals for U.S. retail traders and a clearing arrangement that separates the retail contracts’ counterparty exposure. The offering is still planned, with ICE describing how it would handle clearing as part of the proposed expansion.