Many retail investors, including myself, enjoy trading futures contracts because they can trade 24/7, following market fluctuations. Perpetual contracts are already a very accessible trading option in the crypto world; even with only 10 USDT, you can trade normally. However, in traditional finance, it's different. Trading perpetual contracts either has extremely high barriers to entry or is virtually impossible, lacking the ability to offer 24/7 perpetual trading. This time, a traditional financial giant, the parent company of the NYSE, has proactively entered the fray, using on-chain technology (Hyperliquid) to serve the US retail market. This essentially connects on-chain innovation with the traditional regulatory system. Here, you need to know who ICE, Trade, and Hyperliquid are, and what they do, to better understand this. ICE: Intercontinental Exchange, the company that owns the New York Stock Exchange, is one of the giants in traditional finance, operating exchanges, clearinghouses, and data services. Trade[XYZ]: A team specializing in "real-world asset perpetual contracts" on Hyperliquid. They've created on-chain perpetual contracts for assets such as stocks, stock indices, commodities, and forex, currently primarily serving users outside the US, offering 24-hour trading. Hyperliquid: Currently one of the largest decentralized perpetual contract trading platforms, with many people using it to trade high-leverage cryptocurrency perpetual contracts and stock perpetual contracts. OKX: Participating in the distribution process through a joint venture with ICE. You can think of it as ICE eyeing the 24/7 perpetual trading in the cryptocurrency market. They want to integrate this into their traditional assets, achieving 24-hour perpetual trading for stocks. OKX is primarily responsible for distribution, allowing more users to experience stock perpetual trading—without time restrictions, allowing trading anytime, anywhere, just like trading perpetual contracts in cryptocurrencies.