Hyperliquid Token Hits Binance Spot With Three Pairs

Binance is launching spot trading for Hyperliquid (HYPE) at 11 a.m. UTC on September 24, with pairs against USDT, USDC, and the Turkish lira (TRY).

HYPE posted a small gain following the announcement, even though Binance applied its Seed Tag to the token.

Binance Details HYPE Listing Rollout

Binance put out the listing announcement early on September 24, just hours ahead of trading. It characterizes Hyperliquid as a high-performance blockchain centered on a completely onchain financial system.

Deposits for HYPE are open before trading starts, and withdrawals are set to begin at 11 a.m. UTC on September 25.

Binance stated it did not charge a listing fee for HYPE. Spot algorithmic orders start together with trading, and trading bots plus spot copy trading become available within 24 hours.

The TRY pair is accessible exclusively to users holding verified Binance TR accounts. Additionally, residents of the US, Canada, the Netherlands, and several other regions cannot trade any of the new pairs.

Seed Tag Imposes Restriction While HYPE Price Rises Slightly

Binance attaches its Seed Tag to newer projects that it views as having higher volatility and risk than other tokens on the platform.

Consequently, traders need to complete a risk quiz every 90 days to trade HYPE on Binance Spot or Margin. Binance also cautioned that HYPE, being a relatively new token, is expected to undergo significant price fluctuations.

HYPE recorded small gains after the announcement became public. According to TradingView data for the HYPE/USD pair on Coinbase, the token rose roughly 1.5% in the first 10 minutes.

The token temporarily ascended to nearly 1.9% before retracing some of those gains.

The next milestone is at 11 a.m. UTC, when Binance order books become active. At that point, traders will observe if HYPE can sustain its initial gains as spot volume starts to run through the platform.