Binance Futures has announced the listing of HYPE, the native token of the competing derivatives exchange HyperLiquid, following a remarkable 77.5% price rally over the past month.
This surge propelled HYPE into the top 15 cryptocurrencies by market capitalization. Binance’s new USD-margined perpetual contract for HYPE offers traders up to 75x leverage, opening the door for increased speculative activity.
Prominent crypto trader and HyperLiquid advocate Flood highlighted on X that the first exchange to introduce HYPE spot trading could generate “$100 million in fees” within its first year.
Despite the announcement, HYPE’s price saw a 4.3% drop in the last 24 hours amid a wider market sell-off.
HyperLiquid continues to grow rapidly, recording $11 billion in perpetual trading volume during the same timeframe, solidifying its position as a leading decentralized derivatives platform. Binance Futures remains the largest centralized exchange, with a 24-hour trading volume of $91 billion, according to CoinMarketCap.
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