Intercontinental Exchange (ICE) Chair and CEO Jeffrey Sprecher stated that ICE's proposed Hyperliquid-based perpetual futures with Trade[XYZ] are additive to ICE's existing futures markets rather than a replacement

From the articleHYPE Token Rallies As NYSE Owner Brings Hyperliquid to AmericaAlso in HYPE surges 15% as NYSE parent ICE moves to bring Hyperliquid perps to US