Robinhood has officially added Hyperliquid’s native token, HYPE, to its cryptocurrency trading platform for U.S. customers. The announcement, made on October 23, 2025, marks a significant expansion of Robinhood’s DeFi asset offerings and provides millions of retail users with direct access to the popular token. This strategic listing immediately impacted the market, causing the HYPE token’s price to rally significantly within hours. The move underscores a broader trend of mainstream financial platforms embracing decentralized finance assets, bridging the gap between traditional retail investors and the on-chain economy. The listing also places HYPE in the spotlight, increasing its liquidity and visibility.

Robinhood’s New Crypto Listing

Broadening Investment Horizons

Robinhood’s decision to list HYPE aligns with its ongoing strategy to diversify its cryptocurrency portfolio and compete with established crypto-native exchanges. By adding the token, Robinhood taps into the growing interest in decentralized perpetuals exchanges. This move not only provides its user base with more trading options but also enhances the platform’s appeal to both seasoned crypto traders and newcomers. The inclusion of HYPE alongside other recent additions like Solana and Cardano demonstrates a clear intent to become a more comprehensive hub for digital asset trading, moving beyond its initial focus on stocks and popular cryptocurrencies.

Strategic Implications for the Market

The listing of HYPE on Robinhood before major competitors like Binance or Coinbase is a notable development. It provides Hyperliquid with a significant mainstream audience and boosts its credibility within the regulated financial landscape. For Robinhood, it’s a strategic maneuver to capture a larger share of the DeFi market by offering high-demand tokens in a compliant environment. This integration helps validate the utility of DeFi tokens and could encourage more retail inflows into the on-chain ecosystem as traders seek alternatives to more traditional centralized platforms, further blurring the lines between TradFi and DeFi.

Market Reaction to HYPE Listing

Immediate Price and Volume Spike

Following the announcement, the HYPE token experienced a substantial price increase, surging over 12% to trade above the $40 mark. This immediate rally reflected strong investor enthusiasm and buying pressure from the retail sector. Furthermore, trading volumes for HYPE increased by approximately 18% in the hours after the listing. Futures open interest also saw a significant jump of nearly 17%, reaching $1.62 billion, which indicates heightened activity and bullish sentiment among derivatives traders. Such market reactions are typical for tokens listed on major platforms, but the scale of the HYPE surge highlights strong underlying interest.

Understanding the HYPE Token

The Engine of the Hyperliquid Exchange

HYPE is the native utility and governance token for the Hyperliquid protocol, a leading decentralized perpetuals exchange known for its high-speed, on-chain order book. The token serves multiple functions within its ecosystem. It is used for paying gas fees for transactions on the Hyperliquid L1 blockchain, participating in governance votes to influence the protocol’s development, and for staking. The success of the Hyperliquid exchange, which has consistently ranked high in trading volume and fee generation, directly influences the utility and demand for the HYPE token.

How to Buy HYPE Token

Accessing HYPE on Robinhood and Other Exchanges

For U.S. customers, purchasing the HYPE token has become more accessible through the Robinhood app. Users can navigate to the cryptocurrency section, search for HYPE, and execute a market or limit order to buy the token directly with their account funds. Beyond Robinhood, the HYPE token is available for trading on various decentralized exchanges (DEXs) where the Hyperliquid protocol is integrated. Traders can also find HYPE listed on several other centralized exchanges that cater to a global audience, often paired against stablecoins like USDT for trading.

Frequently Asked Questions

What is the HYPE token?

The HYPE token is the native cryptocurrency of the Hyperliquid protocol, a Layer-1 blockchain designed for high-speed decentralized trading. It functions as a utility and governance token, used for paying transaction fees, staking to secure the network, and participating in decisions regarding the platform’s future.

Is Hyper Coin a good investment?

Evaluating whether HYPE is a good investment depends on an individual’s risk tolerance and financial goals. The token’s value is closely tied to the performance and adoption of the Hyperliquid decentralized exchange. While its recent listing on Robinhood has boosted its price and visibility, cryptocurrency markets are inherently volatile and subject to rapid price fluctuations.

Is HYPE listed on Binance?

As of the latest reports, the HYPE token has not yet been listed for spot trading on Binance. Robinhood’s decision to list the token ahead of larger exchanges like Binance and Coinbase was a notable aspect of the news, giving it an edge in offering the asset to a mainstream U.S. retail audience.

Where can I buy a HYPE token?

You can buy the HYPE token on the Robinhood Crypto platform if you are an eligible U.S. customer. Additionally, it is available on various decentralized exchanges (DEXs) and other centralized crypto exchanges that have listed the asset for trading.

When did Hype coin launch?

The Hyperliquid protocol and its native HYPE token have been operational and gaining traction throughout 2025, emerging as a significant player in the decentralized perpetuals market before its high-profile listing on Robinhood.

How much is 1 token price?

The price of one HYPE token is subject to market fluctuations. Following the Robinhood listing announcement on October 23, 2025, the price rallied to over $40. Traders should always check a reliable crypto price tracker for the most current valuation.

How much is the HYPE coin worth?

The total market capitalization of HYPE, which represents its total worth, surpassed $13.5 billion following the price surge after the Robinhood listing. This figure changes constantly based on its circulating supply and current market price.

What is HYPE used for?

HYPE is used primarily within the Hyperliquid ecosystem. Its main uses include paying for transaction (gas) fees on the network, staking by validators to secure the blockchain, and serving as a governance token that allows holders to vote on protocol upgrades and changes.

How to earn HYPE coin?

One way to earn HYPE is by providing liquidity or participating in other incentive programs offered on the Hyperliquid platform. Additionally, deployers of spot pairs on the exchange can choose to receive a portion of the trading fees, which are paid in HYPE.

Does Robinhood have a crypto token?

No, Robinhood does not have its own native cryptocurrency token. The company, Robinhood Markets, Inc., is publicly traded on the stock market under the ticker symbol HOOD. It offers trading for a variety of cryptocurrencies created by other projects.

Why is Robinhood getting rid of Solana?

There have been no official announcements from Robinhood stating that it is getting rid of Solana (SOL). In fact, recent reports indicate that Robinhood has continued to expand its offerings, which includes prominent cryptocurrencies like Solana. Platform offerings can change, so users should consult Robinhood directly.

What crypto did Robinhood add?

Robinhood recently added the Hyperliquid (HYPE) token to its platform. In addition to HYPE, the company has also expanded its crypto offerings over time to include other assets such as Cardano (ADA), Solana (SOL), and XRP, among many others.

What is the Robinhood crypto scandal?

Robinhood has faced scrutiny related to its cryptocurrency operations, including platform outages during periods of high market volatility and controversy surrounding its trading restrictions on certain assets, most notably during the GameStop saga in 2021, which also affected crypto markets like Dogecoin on its platform.

Conclusion

In conclusion, Robinhood’s listing of HYPE is a strategic move that enhances its crypto offerings and provides the token with mainstream exposure. The immediate positive market reaction underscores strong investor demand. This development further bridges the gap between traditional finance and the decentralized economy, reflecting a broader industry trend.

Disclaimer:

All information has been prepared by TraderFactor or partners. The information does not contain a record of TraderFactor or partner’s prices or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information. Any material provided does not have regard to the specific investment objective and financial situation of any person who may read it. Past performance is not a reliable indicator of future performance.