Hyperliquid is a decentralized exchange (DEX) with its own L1 blockchain, on-chain order book, and execution speed comparable to centralized exchanges.

How to start trading on Hyperliquid?

Connect a crypto wallet (MetaMask, Rabby), transfer USDC to Arbitrum, deposit to Hyperliquid — and start trading. No registration or KYC needed.

Hyperliquid is a non-custodial platform: you control your funds via wallet. Smart contracts undergo audits. However, like all DEXs, it carries smart contract risks.

Hyperliquid — What You Need to Know About Hyperliquid

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Futures50x

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Is Hyperliquid Worth Using?

4.7

BinExpart score / 5

Hyperliquid is a next-gen decentralized exchange (DEX) with a fully on-chain order book, execution speed on par with centralized venues, and minimal fees. BinExpart rates it 4.7 out of 5. Its key difference from regular exchanges is no KYC and self-custody of funds via your wallet (non-custodial). It best suits experienced derivatives traders who value no verification and full control of assets. Main limitations — no P2P or direct fiat deposit (funding only via crypto bridge), requires basic Web3 wallet experience, and full responsibility for fund security rests with the user.

Security

8/10

Fees

10/10

Liquidity

8/10

Derivatives

9/10

Service

7/10

About the Exchange

Hyperliquid is a next-gen decentralized exchange launched in 2023 by Jeff Yan. Built on its own L1 blockchain with on-chain order book. Team of 11, fully self-funded — rejected venture capital. HYPE token launched in 2024. By 2025 — over 570,000 users and $308B monthly volume.

Key Parameters

Founded

2023

Headquarters

Singapore (development team)

Founder

Jeff Yan

Users

570 000+

Coins

150+

Spot

Yes

Futures

Yes

Options

Margin Trading

Yes

Max Leverage

50x

P2P

Card Purchase

KYC

Copy Trading

API

Yes

Trading Bots

Yes

Mobile App

Proof of Reserves

Onchain

Regional Availability

Instruments & Features

Perpetual futures with on-chain order book. Spot trading. Cross and isolated margin. HyperEVM for DeFi apps. Third-party bot support (Passivbot). Permissionless market creation (HIP-3).

Spot, Futures, Options

Spot

Over 150 assets. Liquidity provided by on-chain order book. Lightning-fast execution with sub-second finality.

Futures

Perpetual contracts. Up to 50x leverage for market orders (depends on position size). Limit orders — up to 10x. On-chain execution.

Options

Options are not available on Hyperliquid.

Start Trading Hyperliquid

P2P & Card Purchase

P2P trading is not available. Hyperliquid is a decentralized exchange working directly with crypto wallets. To fund your account, transfer crypto from another exchange or wallet.

Card purchase not available. Hyperliquid is a DEX, deposit requires USDC transfer via Arbitrum from another exchange or wallet.