Coinbase Adds Hyperliquid Perpetuals to Base App With Up to 50x Leverage

TheNewsCryptoPublicado a 2026-08-20Actualizado a 2026-08-20

Resumen

Coinbase has integrated Hyperliquid perpetual futures into its Base App, offering qualified users access to over 290 markets. These include Bitcoin, Ethereum, tokenized stocks, and commodities, with leverage of up to 50x on specific assets. Hyperliquid handles trade execution, while traders can access these markets directly from their existing custody wallets within the Base App. According to Coinbase, perpetual futures, which do not expire, constitute about 75% of all crypto trading and were a highly requested product. This move marks a strategic shift for Base App, pivoting from an initial focus on social features towards emphasizing trading, payments, and AI, driven by user interest in products like perpetuals, prediction markets, and stablecoins. The integration expands the range of tradable assets beyond traditional cryptocurrencies, allowing users to speculate on various markets within a self-custodial framework. This reflects the growing significance of derivatives in the crypto ecosystem.

Coinbase is enhancing Base App’s trading functionalities with the inclusion of perpetual futures via Hyperliquid. Qualified customers will be able to use over 290 markets for perpetuals that include Bitcoin, Ethereum, tokenized stocks, and commodity trading. The product features leverage of up to 50x for specific assets, while Hyperliquid is handling trade executions. “Chintan Turakhia, Coinbase’s Head of Engineering, explained that perpetual futures represent about 75% of all trading in cryptocurrency. He added that perps are the most requested product at Coinbase.” The product gives traders access to the markets without switching from their current custody wallets.

Base App Expands Its Trading Focus

Perpetual futures allow speculation regarding asset prices without holding such assets, and contracts do not have an expiration date. Coinbase will provide varying leverage depending on different markets, which will include some assets with 50x leverage available. Increased leverage can potentially increase not only gains but also liquidation risk. Hyperliquid is responsible for providing trade execution and liquidity, while users can access the markets through the Base App wallet.

This product is another step for Base App, whose strategy is changing. Coinbase initially aimed at building a trading app that would feature social elements, messaging, AI, and monetization of creators. Nevertheless, social features were less popular than anticipated. Jesse Pollak from Base noted that prediction markets, perpetuals, and stablecoins became major incentives for user activities; thus, Base decided to emphasize trading, payments, and AI.

Perpetuals Drive Adoption Forward

With the launch of the Hyperliquid integration at Coinbase, perpetual futures have been added to prediction markets and stablecoins, aligning with Base’s trading-oriented direction. The product increases the number of tradable assets that can be traded using the app, which goes beyond traditional cryptocurrencies. Tokenized stocks and commodity markets provide eligible traders with the opportunity to trade other markets in the same self-custodial space.

This is happening amid the growing importance of derivatives in the crypto world. By implementing perpetual futures into Base App, Coinbase provides eligible users with direct access to leverage-based trading without moving from the Hyperliquid execution platform.

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Preguntas relacionadas

QWhat new trading functionality has Coinbase added to Base App, and what key feature does it offer?

ACoinbase has added perpetual futures trading via Hyperliquid to Base App. A key feature is the offering of leverage up to 50x for specific assets.

QAccording to Coinbase's Head of Engineering, what is the significance of perpetual futures in cryptocurrency trading?

AChintan Turakhia stated that perpetual futures represent about 75% of all trading in cryptocurrency and are the most requested product at Coinbase.

QWhat major shift has occurred in Base App's strategic focus according to the article?

ABase App's strategy has shifted from initially building a social-focused trading app with messaging and AI to emphasizing trading, payments, and AI, driven by the popularity of prediction markets, perpetuals, and stablecoins.

QBeyond traditional cryptocurrencies, what other types of markets can eligible traders access through the new Hyperliquid integration on Base App?

AEligible traders can access tokenized stocks and commodity markets through the new Hyperliquid integration on Base App.

QWhat role does Hyperliquid play in this new Coinbase product offering on Base App?

AHyperliquid is responsible for providing trade execution and liquidity for the perpetual futures markets integrated into Base App.

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