SafePal Expands Into Decentralized Derivatives With Hyperliquid Integration

According to SafePal, the three-part integration of Hyperliquid’s perpetuals and HyperEVM aims to merge centralized-level trading performance with on-chain transparency and risk resilience.

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HYPE

Summary

Crypto wallet provider SafePal announced a three-part integration with decentralized perpetuals exchange Hyperliquid, enabling users to trade BTC, ETH, and other cryptocurrencies directly within its software and hardware wallets. The integration introduces Hyperliquid’s perpetuals and HyperEVM blockchain, offering full on-chain execution with centralized exchange-level performance. CEO Veronica Wong said the move addresses risk management weaknesses exposed by the Oct. 10 liquidation cascade that wiped out billions in open interest. The update is part of SafePal’s 2025 roadmap to expand CeFi–DeFi interoperability.

Terms & Concepts
  • Perpetuals: Derivatives contracts without expiry that allow traders to maintain leveraged positions indefinitely.
  • HyperEVM: A blockchain compatible with the Ethereum Virtual Machine, supporting applications and assets within the Hyperliquid ecosystem.
  • CeFi–DeFi: A hybrid financial model combining centralized finance infrastructure with decentralized finance protocols.