Binance Futures Launches HYPE Token Following Surge in Hyperliquid Trading

Binance Futures has officially listed HYPE, the native token of rival derivatives platform HyperLiquid, after the token surged 77.5% this month.

This impressive rally propelled HYPE into the top 15 cryptocurrencies by market capitalization. Binance’s listing features a USD-margined perpetual contract with leverage up to 75x, attracting traders aiming for high-risk exposure.

Crypto trader and HyperLiquid advocate Flood noted on X that the first exchange to offer HYPE spot trading could rake in “$100 million in fees” during its first year.

Despite the excitement around the Binance Futures debut, HYPE’s price dipped 4.3% over the past 24 hours amid a broader market downturn.

Meanwhile, HyperLiquid solidifies its position as a leading decentralized derivatives exchange, recording $11 billion in perpetual trading volume recently. Binance Futures remains the largest centralized exchange with a 24-hour trading volume of $91 billion, according to CoinMarketCap.