Binance Lists HYPE Amid Record Open Interest and Unstaking Activity

HYPE is making headlines on Binance as it prepares to list the asset. The exchange has waived listing fees for HYPE, and trading bots and spot copy trading will be available within 24 hours of listing.

The listing comes after Hyperliquid's HYPE token climbed roughly 20% in a week. However, this increase coincides with record open interest on Hyperliquid's platform, which has reached $18 billion. Five large addresses have also initiated unstaking nearly 1 million HYPE tokens worth about $90.44 million.

Binance will list HYPE/USDT, HYPE/USDC, and HYPE/TRY spot trading at 11:00 UTC on September 24, with withdrawals expected to follow the next day. The listing gives HYPE another major source of centralized spot liquidity after the token built a market capitalization of roughly $21 billion.