Hyperliquid Enables Perpetual Trading of Coinbase Stock (COIN)

A significant development in the cryptocurrency derivatives market is the introduction of perpetual contracts tied to Coinbase’s stock (COIN) by Hyperliquid. The move allows traders on crypto exchanges to gain exposure to traditional stocks through the platform’s ecosystem. This follows the successful deployment of HIP-3, a mechanism that enables community members to create new markets on HyperCore. The ticker for COIN has been acquired through a competitive Dutch auction process.