HashKey Exchange Lists Hyperliquid (HYPE) Token and Launches OTC Service for Professional Investors

2 hour ago 3 sources positive

Key takeaways:

  • HYPE listing on a regulated Hong Kong exchange signals growing institutional appetite for DeFi-native assets.
  • Circle and Coinbase's HYPE accumulation hints at potential integration into their payment or trading ecosystems.
  • OTC trading launch suggests whales seek discreet accumulation, potentially reducing sell pressure on public markets.

HashKey Exchange, one of Hong Kong’s largest licensed cryptocurrency exchanges, has officially listed HYPE, the native token of the Hyperliquid blockchain. The listing, announced by parent company HashKey Holdings Limited (publicly traded on the Hong Kong Stock Exchange), makes HYPE trading accessible on the platform as of May 14, 2026.

In addition to standard trading, HashKey launched over-the-counter (OTC) trading services for HYPE exclusively for professional investors. The HYPE/USD pair is now available through the OTC market, with deposit and withdrawal operations conducted via the HyperLiquidEVM network. OTC trading began at 11:00 AM (UTC+3).

Hyperliquid operates a Layer-1 blockchain specifically designed for on-chain perpetual futures and spot trading, utilizing a fully on-chain order book infrastructure. The listing grants the project broader access to Asian institutional capital and reinforces growing demand for regulated crypto products as Hong Kong expands its virtual asset framework.

In related market activity, stablecoin issuer Circle and cryptocurrency exchange Coinbase were revealed to have purchased a substantial amount of HYPE tokens, further validating institutional interest in the asset.

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