Stanley Druckenmiller posted on X that he is excited to be an investor in trade(xyz), shortly after TradeXYZ and Intercontinental Exchange (ICE) said they are seeking regulatory approval for a partnership to bring Hyperliquid's perpetual futures onshore in the U.S. Shares of Hyperliquid Strategies (PURR), which invests in the HYPE token, surged 19% to their highest in three weeks, and more than 111,000 options traded, over six times the 30-day average, with almost 86,000 calls and under 27,000 puts. The most popular trades were selling the 13-strike put expiring Dec. 18 and buying the 13-strike call expiring Nov. 6, which together resemble a risk reversal strategy. CEO David Schamis said the deal shows demand for perp-futures trading and is a step toward regulated trading of the asset class.
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