trade.xyz bought the ZHIPU code on HIP-3 on June 19, a step that may pave the way for the platform to launch perpetual contract (crypto derivatives without expiry) trading linked to Hong Kong-listed Zhipu, identified as 2513.HK, in the next few days. The purchase points to product preparation rather than a confirmed listing, but it indicates the venue could be expanding into stock-linked perpetual markets.