Coinbase Adds 290+ Perpetual Markets to Base App as Hyperliquid Powers 50x Leverage
Updated
Updated · Yahoo Finance · Aug 21
Coinbase Adds 290+ Perpetual Markets to Base App as Hyperliquid Powers 50x Leverage
3 articles · Updated · Yahoo Finance · Aug 21
Summary
Coinbase rolled out Hyperliquid-powered perpetual futures in Base App, letting eligible self-custody users trade more than 290 crypto, tokenized stock and commodity markets without leaving the wallet.
Up to 50x leverage is available on selected markets including Bitcoin and Ethereum, a feature Coinbase says targets strong user demand in perps, which account for about 75% of crypto trading volume.
Hyperliquid supplies the execution and liquidity infrastructure while Coinbase keeps the trading interface in Base App, avoiding the need to build its own onchain derivatives engine.
The product will not initially launch in the US, UK or Canada and carries rapid liquidation risk when losses breach thresholds; Coinbase has not yet disclosed full market lists, fees or contract details.
The launch deepens Coinbase's tie-up with Hyperliquid and underscores Base App's shift away from social features toward trading, payments and broader financial services.
Why is Coinbase outsourcing its most requested trading feature to an offshore blockchain, and what happens if that network fails during a market crash?
As consumer apps become mere frontends for decentralized liquidity, will regulatory boundaries permanently divide the global derivatives market?