Binance Futures has added HYPE, the native token of the competing derivatives platform HyperLiquid, following a notable 77.5% rally in the past month.
HYPE’s rapid rise has secured it a spot among the top 15 cryptocurrencies by market capitalization. The Binance listing introduces a USD-margined perpetual contract for HYPE, offering traders leverage of up to 75x.
Influential trader and HyperLiquid supporter Flood tweeted that the first exchange to launch HYPE spot markets could generate “$100 million in fees” in its inaugural year.
Despite this significant development, HYPE’s price slipped 4.3% over the last 24 hours, tracking a broader decline across the crypto market.
Meanwhile, HyperLiquid is gaining traction as a decentralized derivatives leader, hitting $11 billion in perpetual trading volume recently. Binance Futures continues to dominate the centralized exchange space with $91 billion in daily trading volume, according to CoinMarketCap.
