Uniswap’s UNI Rebounds After Wild 11% Swing Amid Trade Tensions
Binance Futures List HYPE Token Amid Feverish Trading Activity in Hyperliquid
- News In 4 Seconds
Oliver Knight
- 0
- 2 minutes read
Binance Futures listed HYPE, the native token of rival derivatives exchange HyperLiquid, on Friday.
HYPE rose by 77.5% over the past 30 days as it made its way into the 15 largest cryptocurrencies by market cap.
STORY CONTINUES BELOW
Don’t miss another story.Subscribe to the Crypto Daybook Americas Newsletter today.See all newslettersBy signing up, you will receive emails about CoinDesk products and you agree to ourterms of useandprivacy policy.
The Binance listing is a USD-margined perpetual contact that offers up to 75x leverage.
Prominent trader and HyperLiquid supporter Flood said on X that the first exchange that lists HYPE spot markets will make “$100 million in fees” in the first year.
HYPE was unmoved by the announcement; it is down by 4.3% over the past 24 hours in line with a wider crypto market slump.
HyperLiquid notched $11 billion in perpetual trading volume during the same period as it rapidly emerges as this cycle’s decentralized derivatives exchange of choice.
Binance futures, meanwhile, remains the largest centralized exchange with $91 billion in trading volume over the past 24 hours, according to CoinMarketCap.
