Jeffrey Sprecher, the founder and CEO of Intercontinental Exchange, the company that owns the New York Stock Exchange, said Hyperliquid has become “bigger than Nasdaq,” praising its founders and technology and saying he wishes he was young enough to be building it himself.
“The people that have built that exchange are extremely smart, and that is a true DeFi exchange,” Sprecher said, speaking at the Bernstein 42nd Annual Strategic Decisions Conference this week.
“If you haven’t heard about it, it’s bigger than Nasdaq, okay? It’s 11 people. You look at it, you’re like, wow, that’s pretty something,” he told the audience.
According to Sprecher, Hyperliquid’s popularity has surged due to its ability to facilitate oil trading during weekends when traditional exchanges are closed, giving traders access during major geopolitical developments.
The rise has prompted ICE to narrow the weekend trading gap in energy markets, Sprecher added.
