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Hyperliquid Launches Monero Perpetual Contracts with 5x Leverage

Hyperliquid’s addition of XMR perpetuals meets community demand, offering traders leveraged long and short exposure to Monero via USDC pairs.

USDC
XMR
HYPE

Summary

Hyperliquid has introduced Monero (XMR) perpetual contract trading, enabling users to take long or short positions with up to 5x leverage. The move follows requests from its trading community and uses USDC as the settlement currency, expanding the platform’s derivative offerings.

Terms & Concepts
  • Perpetual contracts: A type of derivative in cryptocurrency trading without an expiry date, allowing continuous trading with leverage.
  • Leverage: Borrowed capital used in trading to increase potential returns, here allowing up to five times the trader's position size.
  • USDC: A U.S. dollar-pegged stablecoin used for trading and transactions within cryptocurrency markets.