<\/p>\n
Robinhood listed Hyperliquid’s native token shortly after Hyperliquid Strategies filed to raise $1 billion for its HYPE treasury.<\/p>\n
HYPE<\/a> jumped over 10% on Thursday, Oct. 23, shortly after news broke that U.S. brokerage giant Robinhood<\/a> is adding support for HYPE trading on its platform. In an X post today, Robinhood said<\/a> users can now trade Hyperliquid\u2019s native token Robinhood Crypto.<\/p>\n The announcement quickly transformed into HYPE<\/a>\u2019s price appreciation, with the token up more than 10.8% in the past 24 hours to reach just over $40 at press time.<\/p>\n However, unlike Bitcoin and Ethereum, HYPE trading comes with some limitations as the token isn\u2019t available through smart order routing, a feature that automatically seeks the best prices across multiple liquidity venues when users buy or sell crypto within the Robinhood app, per Robinhood Crypto\u2019s listing page<\/a>.<\/p>\n It\u2019s also unavailable on Legend, Robinhood\u2019s advanced trading interface designed for professional crypto users.<\/p>\n Hyperliquid is the top perpetual futures (perps) decentralized exchange (DEX)<\/a> by trading volume, with more than $11.5 billion in on-chain perp trades in the past 24 hours. <\/p>\n The listing follows Hyperliquid Strategies\u2019 Oct. 22 filing<\/a> of an S-1 prospectus with the U.S. Securities and Exchange Commission (SEC) describing plans to raise up to $1 billion, mainly to accumulate and stake HYPE tokens for a digital asset treasury (DAT).<\/p>\n The company, formed<\/a> from the merger of Sonnet BioTherapeutics and Rorschach I, is offering 160 million shares in the public offering. Hyperliquid Strategies currently holds 12.6 million HYPE tokens and $305 million in cash, according to filings.<\/p>\n Hyperliquid\u2019s listing on Robinhood Crypto comes just under 24 hours after the platform announced<\/a> support for BNB, formerly Binance<\/a>\u2019s official platform token. Binance founder and former CEO Changpeng \u201cCZ\u201d Zhao is a vocal supporter<\/a> of \u2014 as well as official investor in via YZi Labs \u2014 Aster<\/a>, a recently popular perp DEX positioned as a direct competitor to Hyperliquid.<\/p>\n Coinbase<\/a>, Binance\u2019s top U.S. competitor, had earlier also revealed<\/a> plans to list BNB, following a public dispute on Crypto Twitter over listing fees and policies on centralized exchanges, originally focusing on Binance. <\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":" Robinhood listed Hyperliquid’s native token shortly after Hyperliquid Strategies filed to raise $1 billion for its HYPE treasury. HYPE jumped over 10% on Thursday, Oct. 23, shortly after news broke that U.S. brokerage giant Robinhood is adding support for HYPE trading on its platform. In an X post today, Robinhood said users can now trade […]<\/p>\n","protected":false},"author":2,"featured_media":409263,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[274,273,272,244,266,271,268,270,269,267],"class_list":["post-409262","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-de-fi","tag-crypto-finance","tag-decentralized-finance","tag-liquidity","tag-metamask","tag-pancake","tag-slippage","tag-sushiswap","tag-tronlink","tag-trust-wallet","tag-uniswap"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/409262","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=409262"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/409262\/revisions"}],"predecessor-version":[{"id":409264,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/409262\/revisions\/409264"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/409263"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=409262"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=409262"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=409262"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}HYPE DAT looks to Raise $1B<\/h2>\n
Binance Listing Drama<\/h2>\n