The S&P 500 is officially coming to crypto with its first-ever 24/7 perpetual futures product
The S&P 500 will be available for crypto trading 24/7 through Hyperliquid, offering non-U.S. investors continuous access.Summary
S&P Dow Jones Indices has licensed its S&P 500 index to Trade[XYZ] for the launch of the first officially approved S&P 500 perpetual contract on the Hyperliquid blockchain. This allows eligible non-U.S. investors to trade the index around the clock without using traditional stock exchanges. Perpetual futures contracts, which don’t expire and offer high leverage, have become popular in crypto, and this move brings a traditional finance standard to the crypto space. The new product enables immediate trading based on news events, even when traditional markets are closed, as demonstrated by recent trading of oil futures during geopolitical events. The native token of Hyperliquid, HYPE, has seen gains following the announcement, and Trade[XYZ] plans to bring more traditional assets onchain.
(Source：CoinDesk)