Coinbase Brings 50x Leverage to Base App via Hyperliquid Integration

Coinbase has integrated Hyperliquid's perpetual futures engine into its Base App, allowing eligible users to trade up to 50x leveraged positions across over 290 markets. This move builds on a relationship established in May 2026, when Coinbase was named the official USDC treasury deployer on Hyperliquid's network.

Hyperliquid uses an on-chain order book, which reduces trust assumptions and minimizes slippage on larger trades. Through the integration, users can trade perpetual futures contracts without holding the underlying assets or worrying about expiration dates.

The 50x leverage ceiling means a trader could control a $50,000 position with just $1,000 in collateral. Hyperliquid supports over 300 trading markets across perpetual and spot categories, spanning crypto assets, equities, and commodities, all using USDC as the primary quote asset.