S&P Dow Jones Indices licenses brand for first official S&P 500 perp to trade on Hyperliquid
The Block
S&P Dow Jones Indices has licensed its S&P 500 brand to Trade[XYZ] for the first officially licensed perpetual derivative contract on Hyperliquid.Summary
S&P Dow Jones Indices has licensed the S&P 500 mark to Trade[XYZ], enabling the launch of the first officially licensed perpetual derivative contract based on the S&P 500. This contract will be available on Hyperliquid, a popular decentralized derivatives exchange. The collaboration allows non-US investors to gain leveraged exposure to the S&P 500 through a 24/7 trading product on a decentralized platform. Perpetual contracts, or 'perps,' are derivative contracts that allow traders to take leveraged positions without a fixed expiry date, and decentralized exchanges (DEXs) are gaining market share in this space, with Hyperliquid currently holding over 36% of the total perps DEX market share.
(Source：The Block)