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ICE CEO says Hyperliquid is bigger than Nasdaq, praises its founders and calls for clearer DeFi regulations.

Market News
29 May 2026
Crypto Briefing
View Source
Neutral
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Jeffrey Sprecher, CEO of Intercontinental Exchange (ICE), stated that Hyperliquid, a decentralized finance (DeFi) exchange, has grown larger than Nasdaq despite having only 11 people. He praised its founders as extremely smart and highlighted its ability to offer weekend oil trading, which traditional exchanges lack. This innovation has pushed ICE to extend its trading hours to narrow the gap. Sprecher also noted Hyperliquid's decentralized structure and algorithmic stablecoin settlement as key growth drivers. ICE and CME Group are urging US regulators to impose clearer rules on Hyperliquid to ensure market integrity, especially in oil markets. Sprecher emphasized ongoing dialogue between traditional exchanges and decentralized platforms to foster fair competition and regulatory clarity.

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