Crypto
Binance Lists Hyperliquid's HYPE Token with High Volatility Warning
Binance, one of the world's largest crypto exchanges, has listed Hyperliquid's native HYPE token for spot trading. The listing went live on September 24 with three trading pairs: HYPE/USDT, HYPE/USDC, and HYPE/TRY. However, users are warned about the high volatility of HYPE due to its 'Seed Tag' status.
Following the listing, HYPE's price fell by 4.6% to around $90.50. Binance opened spot trading for HYPE with a zero-fee policy, giving users more flexibility in buying and selling the token.
The listing marks an important step for HYPE as Binance had previously only supported the token through its futures market. With this new development, users can now trade HYPE on one of the largest crypto exchanges in the world.