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.