S&P Dow Jones licenses S&P 500 perpetual futures contract for Hyperliquid via Trade[XYZ]

S&P Dow Jones Indices has licensed the S&P 500 Index to Trade[XYZ] for a perpetual futures product on Hyperliquid that offers continuous leveraged exposure for eligible non-US traders. The contract, announced on Wednesday, uses official S&P index data, has no expiry date and runs outside traditional exchange hours, while Trade[XYZ] reports over $100 billion in onchain volume since October 2025.