Binance US announced that it will soon list the HYPE token from Hyperliquid. As a result, HYPE recorded growth of over 6% in the past 24 hours.
Unfortunately, Binance's listing announcement lacks many specific details, and it remains unclear when HYPE will be listed on the platform. Nevertheless, this appears to be a positive development.
Binance US to List Hyperliquid Soon
Hyperliquid is a high-performance trading blockchain that has recently won several important awards. At the end of May, it exceeded dYdX's trading volume and, in less than a week, surpassed Sui's market capitalization.
The exchange recently gained attention due to large long and short bets by crypto whale James Win. His trades led to Hyperliquid recording a daily trading volume of $8.6 billion last week. Today, Binance US announced that it will list Hyperliquid, which is another significant achievement.
The $HYPE is real.
— Binance.US 🇺🇸 (@BinanceUS) June 2, 2025
Spot trading for @HyperliquidX is coming soon to https://t.co/AZwoBOh0gq. Follow us to get notified when our new listing goes live. pic.twitter.com/CrpenFv2uh
This may be Binance US's first direct interaction with Hyperliquid, but this large exchange has several subsidiaries. In less than a week, Binance Futures announced HYPE perpetual contracts, indicating existing interest.
While the listing date for Binance US remains uncertain, it has caused a noticeable rise in the token's value.
While the news appears positive on the surface, some community members have shown skeptical reactions. Particularly, the two companies had a negative interaction where Binance was allegedly trying to worsen Hyperliquid's JELLYJELLY short squeeze crisis.
These alleged actions reportedly increased the financial damage the platform experienced at the time.
Of course, the cryptocurrency community can be a loose collective with unique opinions on various topics. Some users are already accusing Binance and Hyperliquid of deliberately weakening each other, though there seems to be no evidence to support this.
We hope Binance US will soon announce additional details about the Hyperliquid listing. For now, HYPE's price increase is elevating the trading platform's growing momentum and reputation.
