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Crypto’s 24/7 Markets Take Aim at Wall Street

Bloomberg Technology Monday 24 August 2026, 18:39 UTC 1 min read
Key Points

Crypto is pushing traditional markets toward a world where trading never stops. Trade.xyz, a little-known market built on top of crypto exchange Hyperliquid, has generated roughly $500 billion in volume since launching in October, with perpetual futures tied to assets ranging from oil and gold to the S&P 500 and pre-IPO companies such as SpaceX. The platform and Hyperliquid are now pushing regulators to allow pre-IPO perps in the US, arguing they could improve price discovery....

Crypto is pushing traditional markets toward a world where trading never stops. Trade.xyz, a little-known market built on top of crypto exchange Hyperliquid, has generated roughly $500 billion in volume since launching in October, with perpetual futures tied to assets ranging from oil and gold to the S&P 500 and pre-IPO companies such as SpaceX. The platform and Hyperliquid are now pushing regulators to allow pre-IPO perps in the US, arguing they could improve price discovery. Bloomberg's Muyao Shen joins Ed Ludlow on "Bloomberg Tech." (Source: Bloomberg)
Trade.xyz (ORG) Hyperliquid (ORG) US (LOCATION) Bloomberg (ORG) Muyao Shen (PERSON) Ed Ludlow (PERSON) Bloomberg Tech (ORG)
Originally published by Bloomberg Technology Read original →

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