Binance Futures listed HYPE, the native token of rival derivatives change HyperLiquid, on Friday.

HYPE rose by 77.5% over the previous 30 days because it made its method into the 15 largest cryptocurrencies by market cap.

The Binance itemizing is a USD-margined perpetual contact that gives as much as 75x leverage.

Outstanding dealer and HyperLiquid supporter Flood stated on X that the primary change that lists HYPE spot markets will make “$100 million in fees” within the first 12 months.

HYPE was unmoved by the announcement; it’s down by 4.3% over the previous 24 hours consistent with a wider crypto market droop.

HyperLiquid notched $11 billion in perpetual buying and selling quantity throughout the identical interval because it quickly emerges as this cycle’s decentralized derivatives change of selection.

Binance futures, in the meantime, stays the biggest centralized change with $91 billion in buying and selling quantity over the previous 24 hours, based on CoinMarketCap.