Binance listed Hyperliquid’s HYPE token for spot trading on September 24, 2026, adding HYPE/USDT, HYPE/USDC and HYPE/TRY pairs at 11:00 a.m. UTC with a seed tag. Deposits opened one hour before trading began, withdrawals started the next day, and Binance charged zero BNB in listing fees. Binance founder Changpeng Zhao said HYPE’s earlier token distribution and asset custody arrangements may not have met the exchange’s risk-management requirements, delaying a spot listing, while noting that circumstances may have changed. Zhao has also described decentralized exchanges, or DEXs, as a net positive for the crypto industry and said greater competition could benefit the broader market. Hyperliquid operates as a permissionless on-chain perpetual DEX on its own Layer-1 blockchain, with HYPE serving as its native utility and governance token. In August, US President Donald Trump stated that US Securities and Exchange Commission (SEC) Chairman Paul Atkins was working to bring Hyperliquid to the US market.