HIFI Derivatives Explode to $6 Billion as Traders Rush In Before Binance Delisting

HIFI derivatives just smashed through the $6 billion barrier—traders are piling in like there's no tomorrow before Binance pulls the plug.

Market Frenzy Ahead of Deadline

Speculators are scrambling for exposure, driving volumes to insane levels. The delisting announcement triggered a classic 'buy the rumor, sell the news' panic—except everyone's buying first and asking questions later.

Derivatives Dominate Trading

Futures and options activity went parabolic as hedge funds and retail traders alike positioned for volatility. The $6 billion surge represents one of the biggest pre-delisting rallies in crypto history—proving once again that nothing drives demand like artificial scarcity.

Because nothing says 'sound investment' like frantically trading an asset about to be dropped by the world's largest exchange—the financial equivalent of buying a parachute after jumping out of the plane.

HIFI Traders Push Derivatives Volume to $6.17 Billion as Binance Delisting Nears

At the same time, HIFI open interest—the total value of unsettled contracts—more than doubled to $113 million. Market analysts often treat such jumps as a sign that traders are positioning for dramatic price swings.

A breakdown of the activities showed that Binance dominated the space, recording $2.7 billion in trades, while Bybit and Bitget trailed with $1.09 billion and $756 million, respectively.

Notably, the Richard Teng-led exchange also led in open interest with $33 million in active contracts, outpacing Bybit’s $27 million.

Interestingly, the rush into derivatives has spilled over into spot prices.

HIFI gained more than 200% in a single day, climbing to $0.47 after briefly touching $0.81 earlier in the week. That rally extended a seven-day run that left the token nearly 650% higher than the start of September.

The dramatic MOVE illustrates how speculative positioning can intensify volatility when tokens face structural shifts like exchange delistings. While the decision initially cast doubt on HIFI’s outlook, derivatives traders appear to be treating the exit as a short-term opportunity rather than a terminal blow.

Despite the project’s current fate, the HIFI team acknowledged the community’s frustration but pledged to stay focused on core operations. The team said it WOULD maintain key infrastructure, honor obligations, and support users “with professionalism and politeness.”

HIFI itself functions as a decentralized finance protocol on ethereum that enables fixed-rate borrowing against both digital and real-world collateral.

As of August, it secured more than $20 million in total value locked, while its DAO treasury controlled just over $5.1 million in liquidity.