Binance Futures has officially listed HYPE, the native token of the decentralized derivatives exchange HyperLiquid, offering a USD-margined perpetual contract with leverage of up to 75x. This listing comes as HYPE surged 77.5% over the past 30 days, entering the top 15 cryptocurrencies by market capitalization.
Notably, prominent trader and HyperLiquid supporter Flood projected significant revenue potential for exchanges listing HYPE spot markets, estimating $100 million in fees within the first year. Despite the positive momentum, HYPE’s price decreased 4.3% in the 24 hours following the Binance announcement, mirroring the broader crypto market downturn.
During this period, HyperLiquid itself recorded $11 billion in perpetual trading volume, highlighting its rapid ascent as a leading decentralized derivatives platform. Binance Futures, maintaining its dominance, reported $91 billion in trading volume over the last 24 hours according to CoinMarketCap.
The Binance listing follows a similar recent move by Coinbase, which also introduced HYPE futures contracts. Both major centralized exchanges' adoption of HYPE reflects growing institutional and retail interest in this altcoin and its ecosystem.