Bitso has integrated Hyperliquid, giving its users access to more than 200 on-chain perpetual futures markets inside the exchange’s own app. The feature, called Perps through Bitso, went live on November 9, 2026, within Bitso Alpha, the exchange’s trading interface for more active users.
Bitso counts a user base of over 10 million. Before the integration, users seeking leveraged exposure had to move funds elsewhere, learn a separate interface and manage another account.
What the launch includes
Traders can open positions tied to crypto assets, the S&P 500, gold and a range of foreign exchange pairs. Leverage goes up to 50x, though the cap depends on the specific market.
The contracts are perpetual, meaning they have no expiry date and can remain open continuously. A perpetual future is a bet on an asset’s price direction without owning the asset. At 50x, a 1% price move translates to a 50% swing on the collateral backing a position.
How trades are routed
Bitso is not running its own derivatives book. Orders are routed to Hyperliquid, which operates an on-chain order book described as the deepest in the market.
Funding works through a self-custodial wallet on Hyperliquid. Users control their own collateral, and Bitso does not act as the counterparty to any trade.
Bitso said the path is now shorter for users who want derivatives exposure: open Bitso Alpha, fund the self-custodial wallet and pick a market.
What it changes for users and venues
For Bitso users, the immediate change is convenience. More than 200 markets, including traditional assets such as the S&P 500 and gold, are available without leaving the app they already use.
Self-custody shifts responsibility onto the trader. Collateral sits in the user’s own wallet, which means the user owns the outcome, good or bad.
For Hyperliquid, the integration adds distribution. An exchange with a base of over 10 million users becomes a new on-ramp to its order book.
Open questions
It remains to be seen how regulators in Bitso’s markets view leveraged perpetuals on equities, commodities and FX routed through an on-chain venue. Another question is how smoothly the self-custodial setup works for users accustomed to a fully custodial exchange.
