Binance Futures has officially listed HYPE, the native token of rival derivatives platform HyperLiquid, following the token’s impressive 77.5% surge over the past month.
HYPE’s rapid ascent has propelled it into the ranks of the top 15 cryptocurrencies by market capitalization. Binance’s new listing offers a USD-margined perpetual contract with leverage of up to 75x, attracting traders seeking high exposure.
Prominent trader and HyperLiquid advocate Flood commented on X (formerly Twitter), predicting that the first exchange to launch HYPE spot trading could generate “$100 million in fees” within its first year.
Despite the Binance Futures listing, HYPE’s price remained subdued, slipping 4.3% in the last 24 hours amid a broader crypto market downturn.
Meanwhile, HyperLiquid continues to gain momentum as a leading decentralized derivatives platform, recording $11 billion in perpetual trading volume during the same period. Binance Futures maintains its position as the largest centralized exchange, with a 24-hour trading volume of $91 billion, according to CoinMarketCap.
