Binance to list HYPE from Hyperliquid on 24 September

Binance will list HYPE, the token of decentralised derivatives platform Hyperliquid, on 24 September at 19:00 (UTC+8). The exchange is opening three trading pairs: HYPE/USDT, HYPE/USDC and HYPE/TRY. Deposits become possible one hour after listing, with withdrawals following on 25 September. HYPE receives a Seed Tag from Binance, indicating that it is a token with a higher risk profile.

In brief:

• Binance lists HYPE on 24 September with three spot trading pairs
• Hyperliquid is the largest decentralised perpetuals platform by trading volume
• HYPE’s market capitalisation is around $21 billion at the time of the announcement

HYPE receives a Seed Tag from Binance

The Seed Tag that Binance assigns to HYPE is intended for tokens the exchange considers relatively risky. Users must accept a warning before they can trade. The label does not mean that Binance takes a negative view of the project, but it does signal that extra caution is warranted.

Binance also recently adjusted its account structure internally: the Funding Account was renamed Stocks Account, which shows that the exchange continues to expand and restructure its services.

Hyperliquid is the market leader in decentralised perpetuals

Hyperliquid ranks as the largest decentralised platform for perpetual futures, measured by adjusted trading volume. The listing on Binance gives HYPE access to one of the largest user bases in the crypto sector.

At the time of the announcement, 24 September, HYPE’s market capitalisation stands at roughly $21 billion. The spot listing on Binance could significantly increase the token’s liquidity and visibility, although a Seed Tag typically also brings additional volatility.