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08/20 12:08Rialzista

Coinbase brings 290+ Hyperliquid perps to Base app

# Trending Token Price Prediction Challenge #HTX 13th-Anniversary Carnival #HTX Creation Challenge — Post and Win 1,500U Coinbase brings 290+ Hyperliquid perps to Base app – Here’s why it matters Coinbase’s Hyperliquid integration highlights growing DEX perpetuals, signaling potential expansion in on‑chain derivatives.For several important reasons, Coinbase’s recent action is bullish for Hyperliquid. To set the scene, Coinbase has announced the availability of Hyperliquid [HYPE] perpetuals on the Base App. The key takeaway? The product offers exposure to over 290 markets with up to 50x leverage for eligible users. In short, the integration will bring both increased liquidity and users to Hyperliquid, while also providing much-needed publicity for the protocol. What’s more, the reason it matters ties directly to another chart below. According to Coinglass data, the crypto open interest hit a peak of almost $220 billion before the October crash. This highlights how much leverage has built up and how it continues to build, with Open Interest reclaiming $130 billion. AD open interest Source: Coinglass In essence, on-chain data highlights the increased interest in derivatives liquidity in crypto. With that in mind, Coinbase’s integration of Hyperliquid into the Base App appears to be a calculated attempt to capitalize on the rising speculative demand. Whereas for Coinbase, the addition of Hyperliquid to its ecosystem is an opportunity to offer its users alternative derivatives. For Hyperliquid, though, the immediate question concerns the potential to diversify its liquidity, increase its user base, and overall volume. Naturally, the question becomes: What does this integration mean for Hyperliquid? Coinbase’s timing could give Hyperliquid a boost Coinbase picking Hyperliquid for the integration is actually a great sign of the protocol’s potential. However, unlike the open interest data depicted above, which depicts the leverage used across CEXs and DEXs,

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