Binance Futures Introduces HYPE/USDT Perpetual Contract with 75x Leverage

Binance Futures has announced the listing of the HYPE/USDT perpetual contract, offering traders up to 75x leverage. The new contract went live on May 30, 2025, at 10:30 UTC, providing high-risk, high-reward opportunities for traders interested in Hyperliquid’s native token. The funding rates for this contract are capped at ±2.00%, with settlements occurring every four hours, though these terms may be adjusted based on market conditions. This move comes amid an unexpected price drop for HYPE, adding an element of volatility that could appeal to speculative traders. Binance continues to expand its derivatives offerings, catering to the growing demand for leveraged trading in the cryptocurrency market.

Binance Futures Lists HYPE With Up to 75x Leverage Amid Unexpected Price Drop

Binance Futures has expanded its offerings with the introduction of the HYPE/USDT perpetual contract, now available with leverage up to 75x. The launch, effective May 30 at 10:30 UTC, targets traders seeking high-risk, high-reward opportunities on Hyperliquid’s native token. Funding rates are capped at ±2.00%, with settlements every four hours—subject to adjustment based on market conditions.

Contrary to typical listing rallies, HYPE’s price defied expectations by dropping 4.5% post-announcement, extending its weekly decline to 11%. This downturn contrasts sharply with its 78% monthly gain, which previously outpaced major cryptocurrencies. The divergence highlights market unpredictability even amid exchange-driven liquidity events.

SEC Drops Lawsuit Against Binance and CEO Following $4.3B DOJ Settlement

The U.S. Securities and Exchange Commission has moved to dismiss its high-profile lawsuit against Binance and founder Changpeng Zhao, marking a pivotal moment in the exchange’s regulatory battles. The decision follows Binance’s $4.3 billion settlement with the Department of Justice last November.

Originally filed in June 2023, the SEC’s case accused Binance of offering unregistered securities, commingling customer funds, and failing to prevent U.S. investors from accessing its global platform. The dismissal with prejudice prevents future refiling of these claims.

Market observers noted the SEC had previously paused proceedings twice this year, signaling a potential resolution. The move comes as the regulator’s crypto Task Force appears to be shifting its enforcement approach.