The Pre-IPO Perpetual (IPOP) Market for SpaceX is now live.

Hyperliquid の公式発表と HIP-3 エコシステムの最新情報を、時系列でまとめて表示します。
The Pre-IPO Perpetual (IPOP) Market for SpaceX is now live.

has transitioned from an IPOP market and is now live with external pricing. 10x leverage, 24/7, 365.
Cerebras Systems, Inc. (CBRS) is expected to IPO tomorrow, May 14, 2026. Shortly after Nasdaq's IPO Cross executes and CBRS opens for continuous trading, Trade[XYZ]'s CBRS will transition to a stand…

Cerebras Systems, Inc. () is expected to IPO tomorrow, May 14, 2026. Shortly after Nasdaq's IPO Cross executes and opens for continuous trading, Trade[XYZ]'s will transition to a standard equity perpetual with external pricing.
The OI cap for has been increased to $10M. For additional market details, including the estimated fully diluted share count, see the specification index here: https://docs.trade.xyz/consolidated-resources/specification-index-ipops
Introducing Pre-IPO Perpetuals (IPOP). The weeks before an IPO are some of the most consequential in a company’s price history, and historically, the least observable. Private market quotes are stal…
Perpetual Renaissance
America's public equity markets stand among the greatest institutional achievements in history. At their best, they combine disclosure, rule of law, broad participation, deep liquidity, and continuou…
Introducing Pre-IPO Perpetuals (IPOP). The weeks before an IPO are some of the most consequential in a company’s price history, and historically, the least observable. Private market quotes are stale and gated and Public markets haven’t started trading yet. Peak interest coincides with an absence of prices. We’re introducing IPOP markets on XYZ to change that.
The Internal Pricing mechanism will be updated to use an EMA time constant of 30 minutes. This change will go into effect today at 4PM ET and will apply to all XYZ markets. One can expect the oracle to be more responsive, and for the funding to normalize more quickly during internal pricing sessions. To learn more about this change and how the internal pricing mechanism supports 24/7 price discovery, refer to our documentation here: https://docs.trade.xyz/perp-mechanics/oracle-price#internal-pricing
Cross margin has been enabled for Brentoil.
Cross margin will be enabled for S&P 500 today at 12pm EST.
Cross margin will be enabled for S&P 500 today at 12pm EST.
Cross margin has been enabled for XYZ100, GOLD, and SILVER.
The Discovery Bounds page is now live: https://app.trade.xyz/discovery-bounds During weekend trading, XYZ markets operate within discovery bounds anchored to the last external price. The page provides real-time visibility into each market’s session state (internal vs. external), along with the last external price, active bound range, and re-anchoring trigger levels.
DraftKings (), Hims & Hers Health (), Costco (), and Eli Lilly () are now live with 10x leverage 24/7, 365.
Trade[XYZ]'s TG announcement channel is now live: https://t.me/tradexyz_announcements Note: All other telegram channels are a scam and NOT affiliated with trade[XYZ].
@tradexyz reached new all time highs across the board: - Cumulative trading volume: $110B - Open Interest: $1.6B - 24hr peak volume: $5.6B - Daily unique traders (24hr peak): 45.3k - Weekend trading peak volume: $1.09B - XYZ share of Hypercore volume (24hr peak): 44.4%

Discovery Bounds have been updated for , , , , , and , in addition to WTIOIL (CL) and . For more details, refer to our documentation here: https://docs.trade.xyz/perp-mechanics/discovery-bounds
Display names and keywords for XYZ markets have been updated to improve discoverability and consistency. For example, CL now appears as WTIOIL, while remaining searchable via CL. These changes are only relevant to frontend displays, markets are unaffected.
We are Unit Labs, the team behind @unitxyz and @tradexyz. We’re looking for elite talent to scale the team, starting with senior SWEs, devops, and quant researchers. You’ll join a small team building the asset layer on Hyperliquid. Since launch, our deployments have facilitated $150B+ in volume across spot crypto, equities, commodities, and FX. We believe perps have the potential to reshape capital markets the way stablecoins reshaped payments, a step-function change in how assets trade and settle. Our mission is to bring the world's asset classes onchain and to become the venue for global price discovery. Requirements: - Have built distributed systems at scale - Demonstrated history of taking products from 0 → 1 - In-person in Asia or NY, relocation covered Apply using the link below: https://x.com/tradexyz/jobs