Binance Futures Lists HYPE Token as Trading Volume Surges
Binance Futures has listed HYPE, the token of HyperLiquid, a derivatives exchange. Key points include:
- HYPE increased by 77.5% in the last 30 days, entering the top 15 cryptocurrencies by market cap.
- The Binance listing features a USD-margined perpetual contract with up to 75x leverage.
- Trader Flood predicted that the first exchange to list HYPE spot markets could earn $100 million in fees within the first year.
- HYPE declined by 4.3% in the past 24 hours amid a broader market dip.
- HyperLiquid recorded $11 billion in perpetual trading volume, establishing itself as a leading decentralized derivatives platform.
- Binance remains the largest centralized exchange with $91 billion in trading volume over the last 24 hours, according to CoinMarketCap.