Binance Futures listed HYPE, the native token of rival derivatives trade HyperLiquid, on Friday.
HYPE rose by 77.5% over the previous 30 days because it made its means into the 15 largest cryptocurrencies by market cap.
The Binance itemizing is a USD-margined perpetual contact that gives as much as 75x leverage.
Outstanding dealer and HyperLiquid supporter Flood mentioned on X that the primary trade that lists HYPE spot markets will make “$100 million in charges” within the first 12 months.
HYPE was unmoved by the announcement; it’s down by 4.3% over the previous 24 hours consistent with a wider crypto market droop.
HyperLiquid notched $11 billion in perpetual buying and selling quantity throughout the identical interval because it quickly emerges as this cycle’s decentralized derivatives trade of alternative.
Binance futures, in the meantime, stays the most important centralized trade with $91 billion in buying and selling quantity over the previous 24 hours, in line with CoinMarketCap.
