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Druckenmiller invests in Trade.xyz supporting 24/7 futures plans
The Cryptonomist
1h ago
Ai Focus
In his first post on X on October 29th, Stanley Druckenmiller revealed his investment in Trade.xyz, supporting its collaboration with Intercontinental Exchange (ICE) to launch 24/7 perpetual futures trading in the United States. Following the announcement, the price of HYPE rose by 17.64% within 24 hours, and Elon Musk also shared this news.
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In his first post on X on October 29, 2026, Stanley Druckenmiller revealed his investment in Trade.xyz and supported the company's collaboration with Intercontinental Exchange (Intercontinental Exchange, ICE) to introduce 24/7 perpetual futures trading to the United States. Following the announcement, HYPE rose by 17.64% within 24 hours, and Elon Musk also amplified this news.

Druckenmiller expressed strong support for this collaboration and stated that he plans to use the products of this platform to improve his investment decisions. Musk retweeted his message, adding only one comment: “Interesting.”

Drukkenmiller's investment in Trade.xyz supports a 24/7 trading plan.

Trade.xyz and ICE – the owners of the New York Stock Exchange – plan to develop a dedicated sustainable futures market for the US market on Hyperliquid. The launch of this plan requires approval from the Commodity Futures Trading Commission (CFTC) of the United States.

According to the announcement from Trade.xyz, this trading venue will provide continuous trading of contracts linked to stocks, indices, commodities, foreign exchange, and cryptocurrencies. Eligible U.S. customers can access it through brokers and trading platforms, with support provided by specialized exchanges and clearing infrastructure.

Sustainable futures do not have a fixed expiration date, which is different from traditional futures contracts. The proposed market will introduce this trading structure to regulated US trading venues.

In addition to Druckenmiller's investment in Trade.xyz, ICE will also make a strategic investment in this business. Trade.xyz stated that its existing Hyperliquid market has processed over $650 billion in transactions in just over a year and will continue to operate in parallel with the planned US trading venues.

After the announcement was released, HYPE once rose to $94.64, which is 4.3% lower than its historical high.

This article was generated with the assistance of artificial intelligence and has been reviewed by an editorial team.

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