S&P Dow Jones Reportedly Licenses S&P 500 Index for Hyperliquid Perpetual Futures
HYPE rose above $43 after S&P Dow Jones Indices authorized use of the S&P 500 Index for perpetual futures trading on Hyperliquid, adding a fresh market reaction to the licensing-related development.
The news is corroborated by a specific PR Newswire reference cited in multiple reputable financial and crypto news outlets (PANews, Odaily). The details regarding the partnership between S&P Dow Jones Indices, TradeXYZ, and the Hyperliquid platform are consistent across sources, specifying that the product is intended for non-U.S. investors and utilizes institutional-grade data.
Trade.xyz’s S&P 500/USDC perpetual market on Hyperliquid has moved from announcement to live trading, with earlier reported activity reaching $31.5 million in volume and $19.6 million in open interest as of March 19. A new update adds that on March 18 S&P Dow Jones Indices authorized use of the S&P 500 Index for perpetual futures trading on Hyperliquid, while HYPE rose 5% to break above $43 and posted a 24-hour gain of 3.98%. The latest information links the licensing development to a positive market move in Hyperliquid’s native token.
- Hyperliquid: A blockchain-based trading platform focused on fast onchain markets, including perpetual derivatives.
- Perpetual futures: Derivative contracts that do not expire, allowing traders to maintain market exposure continuously rather than until a fixed settlement date.
- Open interest: The total value or number of outstanding derivative positions that remain open and have not yet been closed or settled.