Summary
- S&P Dow Jones Indices said it has granted TradeXYZ a license to launch a perpetual futures contract based on the S&P 500 index.
- The product is an RWA-based perpetual futures instrument traded on the Hyperliquid DEX, and the company emphasized that S&P 500 liquidity has expanded on-chain.
- The company said the launch will enable around-the-clock leveraged exposure for investors outside the US, expanding access to and usability of the S&P 500 index.
Forecast Trend Report by Period
A perpetual futures contract based on the US S&P 500 index is set to launch.
S&P Dow Jones Indices (S&P DJI) said on the 18th (local time) that it has granted TradeXYZ a license to launch a perpetual futures contract based on the S&P 500 index. TradeXYZ supports real-world asset (RWA)-based perpetual futures trading on Hyperliquid (HYPE), a global decentralized exchange (DEX).
S&P Dow Jones Indices stressed that “this collaboration expands S&P 500 liquidity on-chain.” The company said, “This launch is the first officially licensed perpetual futures contract based on major index benchmarks,” adding that “(investors) will be able to access one of the world’s most iconic benchmark indices around the clock.”
The launch is also expected to broaden access to the S&P 500. S&P Dow Jones Indices said, “Investors outside the US will be able to take leveraged exposure to the S&P 500 index through a digital product that can be traded 24/7,” adding that “this collaboration will expand access to and usability of our core benchmark indices in the digital trading environment.”
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul
