NYSE parent ICE pushes ‘level playing field’ for 24/7 onchain perps

ICE CEO Jeffrey Sprecher urged regulators to create a “level playing field” to allow regulated exchanges to offer 24/7 on‑chain perpetual futures, saying such trading is already happening on platforms like Hyperliquid. Sprecher highlighted Hyperliquid’s rapid growth and functionality expansion, while ICE is deepening crypto ties through investments and partnerships (including a recent investment in OKX). OKX announced plans to launch perpetuals based on ICE’s Brent and WTI benchmarks, underscoring TradFi moves toward always‑on trading and tokenization. Market impact: easing regulatory barriers could accelerate institutional on‑chain derivative product launches, boost volumes for perp DEXs and tokenized benchmarks, and intensify competition between regulated exchanges and decentralized venues.