Binance Lists Hyperliquid HYPE Token with Volatility Warning
Binance has given users access to spot trading for Hyperliquid's native HYPE token on its platform, marking an important step in the token's growth. The listing went live on September 24 with three trading pairs: HYPE/USDT, HYPE/USDC, and HYPE/TRY. However, Binance has added a 'Seed Tag' warning to the token due to its high volatility.
The listing fee for HYPE is set at 0 BNB, while deposits are already open. Users can trade HYPE through spot trading, but will have to wait until September 25 at 11:00 UTC to withdraw the token from the exchange. The HYPE/TRY pair has a separate restriction, available only to retail users with fully verified Binance TR accounts.
Despite the major listing on Binance, HYPE saw a price drop of 4.6% to around $90.50 following the announcement. This has not dampened Hyperliquid's continued growth, which has seen strong trading activity and revenue generation through its decentralized trading services.