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About $6B changes hands in SpaceX perp contracts after earnings report

TradingGain NewsroomTradingGain Newsroom··23 Oct 2026, 19:10 UTC

Trading in SpaceX perpetual futures reached about $6 billion after the company's earnings. Turnover across Binance and Hyperliquid, as reported by Talos, rose sharply, while Binance's dollar exposure shrank. Traders may find this useful as a sign of demand for perp products, though the fees actually kept by platforms are still unknown.

HYPEAt the time of writing, Hyperliquid traded at $77.41 (-0.18% in 24h).Live price →

Why it matters

  • Combined turnover on Binance and Hyperliquid rose sharply, showing strong activity in these perpetual contracts.
  • Binance's dollar exposure contracted, so its position in these markets shrank over the same period.
  • The fees platforms actually keep remain unquantified, so the revenue impact is not yet clear.

What to watch next

Watch whether turnover on Binance and Hyperliquid stays elevated in the days after the earnings report.

This brief is written by TradingGain from public reporting by CryptoSlate.Read original ↗
About $6B changes hands in SpaceX perp contracts after earnings report
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NYSE Owner ICE Moves to Bring Hyperliquid Perpetual Futures to the U.S.

ICE, the owner of the NYSE, is taking steps to bring Hyperliquid perpetual futures to U.S. traders through a planned venue called ICE[XYZ]. The venue would offer round-the-clock perpetual futures on stocks, commodities and crypto, but it still needs CFTC approval. If approved, it could give traders more ways to trade these markets at any hour.

TradingGain News summarises public reports in our own words and always links to the original source. Market Data stories are generated automatically from public exchange data. Nothing on this page is financial advice; always do your own research and use a stop-loss.