Binance will open spot trading for Hyperliquid (HYPE) at 11 a.m. UTC on September 24, listing the token against Tether (USDT), USDC (USDC), and the Turkish lira (TRY).
HYPE edged higher after the exchange published the notice, although Binance attached its Seed Tag to the altcoin.
How Binance Is Rolling Out Hyperliquid
Binance published the listing announcement early on September 24, a few hours before trading was set to begin. The exchange said that users can deposit HYPE ahead of the launch.
Withdrawals are scheduled to open at 11 a.m. UTC on September 25. Binance said it charged no listing fee for the token.
Spot algorithmic orders go live alongside trading, while trading bots and spot copy trading follow within 24 hours.
The TRY pair is open only to users with verified Binance TR accounts. Meanwhile, residents of the US, Canada, the Netherlands, and several other regions cannot trade any of the new pairs.
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What the Seed Tag Means for HYPE Traders
Binance applies its Seed Tag to projects it considers more volatile and riskier than other listed tokens.
“HYPE is a relatively new token that poses a higher than normal risk, and will likely be subject to high price volatility. Users must exercise sufficient risk management and DYOR (do your own research) to fully understand the project before opting to trade the token,” the exchange said.
Under the tag,users must pass a risk quiz every 90 days to trade HYPE on Binance Spot or Margin. HYPE posted modest gains once the announcement went live.
TradingView data for the HYPE/USD pair on Coinbase showed the token up about 1.5% within 10 minutes. The token briefly climbed close to 1.9% before giving back part of that move. Over the past day, the altcoin has been down nearly 3% amid a broader market decline.
Hyperliquid (HYPE) Price Performance After Binance Listing Announcement. Source: TradingView The next checkpoint arrives at 11 a.m. UTC, when trading begins. Traders will then see whether HYPE holds its early gains once spot volume begins flowing through the exchange.
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https://youtu.be/Ca5-jGFBKZMRead the Original story Binance Lists Hyperliquid (HYPE) With 3 Spot Pairs Going Live Today by Kamina Bashir at beincrypto.com