Hyperliquid's HYPE token rebounded more than 4% from its daily low following Latin American exchange Bitso's expansion of perpetual futures access. The integration enables Bitso's over 10 million users to trade more than 200 Hyperliquid markets through the exchange's existing platform.
Bitso Integration Details
Bitso announced the integration of Hyperliquid's decentralized derivatives infrastructure, which was previously confirmed on November 9. The service allows eligible customers to trade cryptocurrencies, stock indices, commodities, and forex perpetual contracts directly from Bitso Alpha, with orders executing on Hyperliquid.
Bitso serves customers across Latin America, including Mexico, Brazil, Argentina, and Colombia. The integration enables traders to access Hyperliquid markets without leaving Bitso's platform.
Market Offerings and Features
Bitso Alpha now supports over 200 perpetual markets covering Bitcoin, Ethereum, equities, indices, gold, oil, and foreign exchange. The platform offers leverage up to 50 times, with limits varying by contract. All contracts settle in USDC.
Trading tools include market orders, limit orders, stop-loss instructions, and take-profit orders. Customers maintain control of collateral through self-custodial wallets connected to Hyperliquid, with the exchange neither holding collateral nor acting as counterparty to trades.
Bitso general manager Alexandre Mehrdad stated that the service combines Hyperliquid's liquidity with Bitso's existing trading tools, noting customer interest from beta testing.
Broader Expansion Efforts
The Bitso partnership follows similar expansion efforts by Hyperliquid. Pump.fun introduced Hyperliquid-powered perpetual futures trading in October, while Intercontinental Exchange announced plans to introduce US-regulated perpetual futures through Hyperliquid in partnership with Trade[XYZ], subject to regulatory approval. Hyperliquid Strategies has also applied for futures commission merchant registration to support regulated derivatives trading in the United States.
