# Crypto derivatives venue reports $500 billion in volume

_Monday, August 24, 2026 at 2:39 PM EDT · Products · Latest · Tier 2 — Notable_

Trade.xyz, a market built on crypto exchange Hyperliquid, has generated roughly $500 billion in volume since launching in October, Bloomberg reported. It offers perpetual futures linked to oil, gold, the S&P 500 and pre-IPO companies including SpaceX. Trade.xyz and Hyperliquid are seeking US regulatory permission for pre-IPO perpetuals, arguing the products could improve price discovery.

## Sources

- [Bloomberg Technology](https://www.bloomberg.com/news/videos/2026-08-24/crypto-s-24-7-markets-take-aim-at-wall-street-video)

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Retrieved: 2026-08-24T22:55:21.281Z
Publisher: Tech & Business (techandbusiness.org)