Coinbase Integrates Hyperliquid to Offer Up to 50x Leverage in Perpetual Futures via Base App
Coinbase has integrated leveraged perpetual futures into its Base app through a partnership with on-chain derivatives protocol Hyperliquid. Eligible users can now trade over 290 perpetual future markets, including Bitcoin and Ethereum, as well as tokenized stocks and commodities, using up to 50x leverage depending on the asset. The feature is part of Coinbase's effort to attract power traders by offering advanced tools within its Base app. According to Chintan Turakhia, Coinbase Head of Engineering, perpetual futures are a highly requested addition that accounts for about 75% of crypto trading volume today. Hyperliquid handles trade execution while maintaining self-custody and liquidity. The product is not available in the U.S., UK, Canada or other jurisdictions with restrictions on leveraged derivatives. This move aligns with Base's refocused strategy toward trading, payments, and AI agents after a previous pivot into social features failed to gain traction.
Tickers: $COIN
Topics: Base App cryptocurrency derivatives Hyperliquid leverage trading