Trade.xyz spent 584.87 HYPE to win the RELIANCE ticker, and may soon launch its perpetual contract.

BlockBeats news, October 11: HIP-3 market deployer Trade.xyz spent 584.87 HYPE (approximately $49,800) to bid for the ticker RELIANCE, and may soon launch its perpetual contract.

RELIANCE corresponds to the stock of India's Reliance Industries, a major Indian conglomerate with businesses spanning energy, telecommunications, retail, and other sectors.