Robinhood Launches HYPE Trading, Capitalizing on Retail Crypto Demand

Robinhood is extending its crypto offerings with the launch of spot trading for HYPE, the native token of Hyperliquid, a decentralized trading protocol. This move follows the platform’s recent listing of BNB and aims to cater to the growing interest in decentralized finance (DeFi) ecosystems among retail traders. The addition triggered an immediate surge in activity on Robinhood, with HYPE prices jumping over 10% in response to the news.