HYPE Token Listed on Binance Futures Amid Intense Hyperliquid Activity

Binance Futures has added HYPE, the native token of competing derivatives exchange HyperLiquid, to its trading lineup after the token surged 77.5% over the past 30 days.

HYPE’s strong performance pushed it into the top 15 cryptocurrencies by market capitalization. Binance’s new offering features a USD-margined perpetual contract with leverage of up to 75x, catering to traders looking for high-risk, high-reward opportunities.

Influential trader and HyperLiquid supporter Flood tweeted that the first platform to list HYPE spot markets stands to earn “$100 million in fees” within the first year.

Despite the Binance listing news, HYPE’s price dipped 4.3% over the last day, reflecting broader market weakness.

HyperLiquid itself is quickly establishing dominance in decentralized derivatives, achieving $11 billion in perpetual trading volume recently. Meanwhile, Binance Futures remains the largest centralized exchange, posting $91 billion in 24-hour trading volume, per CoinMarketCap data.

  • Related Posts

    JPMorgan Upholds Bitcoin Target of $170K Tied to Gold, Unfazed by Recent Decline

    Despite recent sharp declines in Bitcoin’s price, Wall Street giant JPMorgan remains confident in its volatility-adjusted BTC-to-gold model, maintaining a theoretical target of around $170,000 over the next six to…

    Continue reading
    Crypto Markets Update: Bitcoin Dips to $91K Amid Rising ETF Outflows and Growing Market Concern

    Bitcoin’s early-week rally faltered as heavy ETF outflows, aggressive derivatives deleveraging, and muted altcoin responses weighed on the broader crypto market. During the European morning session, Bitcoin (BTC) slid to…

    Continue reading