NYSE parent ICE pushes ‘level playing field’ for 24/7 onchain perps
ICE’s CEO said regulators need to create a “level playing field” for launching 24/7 onchain perps contracts, which are already trading on exchanges such as Hyperliquid.
Intercontinental Exchange, the parent company of the New York Stock Exchange (NYSE), is urging regulators to allow regulated exchanges to offer 24/7 onchain perpetual futures trading, according to ICE CEO Jeffrey Sprecher.
Speaking at a Bernstein conference on Wednesday, Sprecher said that he was urging regulators to create a “level playing field” for launching 24/7 onchain perps contracts, arguing that regulators are “prohibiting us from doing this when it’s already happening.”
The CEO said that ICE had multiple exploratory discussions with decentralized exchange Hyperliquid about the synergies between the crypto and traditional finance (TradFi) industries, where ICE sought to “learn” more about onchain perps.