Bybit has launched the HYPEUSD Inverse Perpetual, expanding its derivatives lineup with a contract margined and settled in HYPE. The product supports round-the-clock trading and offers leverage of up to 20x. Unlike USDT-margined contracts, this inverse perpetual allows traders to use HYPE directly as collateral, removing the need to convert holdings into stablecoins before opening positions. HYPE is the native token of the Hyperliquid ecosystem, while Hyperliquid is positioned as a high-performance Layer 1 protocol focused on on-chain derivatives. The listing may be particularly relevant for traders already holding HYPE, as it provides a way to hedge exposure or seek enhanced returns while keeping the asset on hand.
Bybit adds HYPEUSD inverse perpetual contract
Bybit has listed the HYPEUSD Inverse Perpetual, adding a new derivatives instrument tied to the Hyperliquid ecosystem token. The contract is available for 24/7 trading and offers leverage of up to 20x, according to the exchange.
The product is margined and settled in HYPE, meaning traders can use HYPE directly as collateral rather than first converting their holdings into USDT. This structure is typical of inverse contracts, which are often used by market participants who prefer to retain exposure to the underlying asset while trading around that position.
HYPE is the native token of the Hyperliquid ecosystem. Hyperliquid, in turn, is described as a high-performance Layer 1 focused on on-chain derivatives. For traders with long-term HYPE holdings, the new contract may serve two main purposes: hedging existing exposure and seeking amplified returns without liquidating spot positions.
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