Trade.xyz.

What it does

Trade.xyz brings markets such as stocks, equity indices, commodities and currencies into Hyperliquid through builder-deployed perpetuals. The position gives price exposure through a derivative; it is not a share in the underlying company. Its separate Events product uses dated outcome contracts with defined settlement rules.

The important distinction is who does what. Trade.xyz chooses market specifications and publishes price inputs for its perpetuals; HyperCore handles orders, margin, liquidation and settlement. When comparing a stock perpetual with the stock itself, read the contract specification and consider funding, the oracle and what happens outside the reference market’s trading hours.

Where it stands out

• Several traditional asset classes sit in the same Hyperliquid trading environment.
• Published specifications explain each market’s reference data and trading parameters.
• Perpetuals and event contracts offer different ways to express a view, with their risks documented separately.

What you can do

• 01HIP-3 perpetual markets, including stocks, indices, commodities, currencies and pre-IPO exposure.
• 02HIP-4 Events with full collateral, fixed settlement rules and no leveraged liquidation.
• 03A non-custodial interface for Trade.xyz and other Hyperliquid markets.
• 04Market specifications, oracle methodology, fee tiers and parameter changelogs.

Who’s behind it

The interface terms identify XYZ Ltd as the company. The Trade.xyz team maintains its market deployments and price relayers; Hyperliquid’s validators run the underlying trading infrastructure. The product sources reviewed here do not establish individual founders.