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MetaMask Perps Enables Any Token as Collateral on Hyperliquid

MetaMask’s updated Hyperliquid integration now supports over 150 cryptocurrencies and U.S. stocks as direct margin, removing the need to convert holdings to USDC for perpetual trades.

USDC
HYPE

Summary

On June 26, MetaMask enhanced its integration with decentralized perpetual exchange Hyperliquid, allowing users to use any wallet-held token directly as margin for long or short positions without converting to USDC. The upgrade supports more than 150 cryptocurrencies and U.S. stocks, significantly expanding asset flexibility for decentralized derivatives trading.

Terms & Concepts
  • MetaMask Perps: A decentralized perpetual futures trading feature integrated into MetaMask, enabling users to trade derivatives directly from their wallet.
  • Collateral: Assets pledged to secure a trading position or loan, used to reduce risk for the counterparty.
  • Hyperliquid: A decentralized derivatives trading platform supporting perpetual futures, enabling on-chain leveraged trades without centralized intermediaries.