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24h Vol
13286
Cryptocurrencies
63.66%
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CoinDesk 2025-05-30 10:51:57

Binance Futures List HYPE Token Amid Feverish Trading Activity in Hyperliquid

Binance Futures List HYPE Token Amid Feverish Trading Activity in Hyperliquid

Binance Futures listed HYPE , the native token of rival derivatives exchange HyperLiquid, on Friday. HYPE rose by 77.5% over the past 30 days as it made its way into the 15 largest cryptocurrencies by market cap. The Binance listing is a USD-margined perpetual contact that offers up to 75x leverage. Prominent trader and HyperLiquid supporter Flood said on X that the first exchange that lists HYPE spot markets will make "$100 million in fees" in the first year. HYPE was unmoved by the announcement; it is down by 4.3% over the past 24 hours in line with a wider crypto market slump. HyperLiquid notched $11 billion in perpetual trading volume during the same period as it rapidly emerges as this cycle's decentralized derivatives exchange of choice. Binance futures, meanwhile, remains the largest centralized exchange with $91 billion in trading volume over the past 24 hours, according to CoinMarketCap .

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