Bybit Launches HYPEUSD Inverse Perpetual Contract Today

TechFlow reports, on July 07, Bybit has listed the HYPEUSD Inverse Perpetual Contract (Inverse Perpetual), using HYPE as the margin and settlement currency, supporting up to 20x leverage, with 24/7 trading.

HYPE is the native token of the Hyperliquid ecosystem, and Hyperliquid is a high-performance L1 on-chain derivatives protocol. Inverse contracts allow users to trade directly using HYPE as collateral without converting to USDT, suitable for traders holding HYPE long-term to hedge or enhance yields.