Binance Lists Hyperliquid's HYPE Token Amid Market Weakness
Binance has welcomed Hyperliquid's native HYPE token to its spot market, adding it as one of the world's largest exchanges. The three new trading pairs - HYPE/USDT, HYPE/USDC, and HYPE/TRY - went live on September 24 at 11:00 UTC.
The exchange has applied its Seed Tag to Hyperliquid, requiring users to complete a risk-awareness quiz before trading the asset. Binance warns that HYPE is a relatively new token and may experience high price volatility.
Despite this, HYPE has gained 15% over the past week, closing at $93.97 on September 23. However, its price has pulled back in recent hours, trading around $90.33 with a 24-hour high of $95.97 and a low of $90.20.
The broader crypto market is also experiencing weakness, with Bitcoin falling below $84,000 during the session after reaching nearly $87,300 earlier.