HYPE Rises Above $43 After S&P 500 Index Approval for Hyperliquid Perpetual Futures
On March 18, S&P Dow Jones Indices authorized use of the S&P 500 Index for perpetual futures (crypto derivatives with no expiry) trading on Hyperliquid, while HYPE posted a 24-hour gain of 3.98%.
HYPE
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Terms & Concepts
Perpetual futures: A type of derivatives contract with no expiration date, commonly used in crypto trading to speculate on price movements.
S&P 500 Index: A widely followed U.S. stock market index tracking 500 large listed companies, often used as a benchmark for market performance.
Hyperliquid: A crypto trading platform associated with perpetual futures markets and digital asset trading activity.