Binance listed HYPE, the native token of Hyperliquid, on its spot market on Thursday, nearly 22 months after its initial launch. The token now trades against USDT, USDC and the Turkish lira, carrying Binance’s Seed Tag reserved for recent assets with high volatility. The announcement supported the token’s price, which rose approximately 1.5% in the following minutes, trading near its all-time highs after gaining over 18% in one week. With a market capitalization exceeding 20 billion dollars, HYPE has become one of the major cryptocurrencies on the market. Hyperliquid, which has established itself as a major competitor in perpetual futures, is now expanding its offering to on-chain spot trading, on-chain assets and pre-IPO markets.
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