Key facts
- Binance has listed the Hyperliquid (HYPE) token on its spot market.
- HYPE trading pairs include HYPE/USDT, HYPE/USDC, and HYPE/TRY.
- The HYPE token is flagged with Binance's 'Seed' tag, indicating higher risk and volatility.
- Users trading HYPE must complete risk-awareness quizzes every 90 days.
- The HYPE/TRY trading pair is restricted to Binance TR users.
- Users in the US, Canada, Iran, and the Netherlands are among those restricted from trading the new pairs.
Binance has officially listed the Hyperliquid (HYPE) token on its spot market, a move that marks a significant milestone for the project. Trading commenced on Thursday, September 24, at 11:00 UTC, with three trading pairs available: HYPE/USDT, HYPE/USDC, and HYPE/TRY. Deposits for HYPE opened one hour prior to the trading launch, and withdrawals are slated to begin on September 25 at 11:00 UTC, though Binance noted this timing is approximate. The listing fee for HYPE was set at zero BNB. Binance will also enable Spot Algo Orders, Trading Bots, and Spot Copy Trading features for HYPE within 24 hours of the launch. However, the HYPE/TRY pair is exclusively for Binance TR users, and regional restrictions apply, excluding users from the United States, Canada, Iran, the Netherlands, and other jurisdictions. Following the listing, HYPE will carry Binance's 'Seed' tag, signifying it as a relatively new token with higher-than-normal risk and potential for significant price volatility. Users trading tokens with the Seed tag are required to pass risk-awareness quizzes every 90 days and adhere to Binance's terms and conditions. Binance stated the Seed tag is intended to identify projects with greater volatility and risk compared to other listed tokens. Eligibility for trading is based on user location, and restricted jurisdictions may be updated due to legal and regulatory changes. Hyperliquid has recently emerged as a leading decentralized trading platform, and its native token's introduction to Binance's global platform is expected to broaden HYPE's market accessibility.