Coinbase Brings Regulated Derivatives Market to Hyperliquid

Coinbase Derivatives has launched HYPE and BNB Futures, marking the first time Hyperliquid's native token [HYPE] enters a regulated derivatives market. This move expands access to leverage, hedging, and advanced trading strategies for institutional and retail participants.

The launch builds on Coinbase's growing relationship with Hyperliquid, which began when Coinbase became the official treasury deployer of USDC on the network last month. Around the same period, native markets agreed to terms allowing Coinbase to acquire the USDH brand assets.

As regulated liquidity grows, HYPE could strengthen its role in connecting DeFi markets with traditional financial infrastructure.