Coinbase adds Hyperliquid perpetuals to Base App
DeFi & Yields ·
Coinbase has folded Hyperliquid's derivatives markets into its Base App, giving eligible users leveraged perpetual futures trading directly inside the wallet product.
The integration brings more than 290 trading pairs to Base App, with leverage available up to 50x for qualifying users, according to Decrypt. The move places derivatives trading alongside Base App's existing functions, positioning the chain as a venue for both spot activity and higher-risk leveraged products in one interface. Coverage of the rollout has been corroborated across multiple outlets, including WuBlockchain and a post from Base App's own account, pointing to a coordinated product launch rather than a quiet backend update.
The timing coincides with a separate political development: at a meeting with senior figures in the crypto industry, Trump said the SEC chairman is working on a path for Hyperliquid to gain approval to operate in the U.S. market. No details have been provided on what such approval would entail, what regulatory framework it would fall under, or a timeline for any decision. The statement was not accompanied by an SEC filing or formal announcement from the agency itself.
Together, the two developments link a major U.S. exchange's consumer app to a derivatives platform that is simultaneously the subject of a stated federal review, though the two threads have not been formally connected by either Coinbase or the SEC. Additional context on the broader integration appears in reporting from Leviathan News, which situates the Hyperliquid tie-up within Base's wider product expansion.
What remains unclear is whether the SEC chairman's work translates into a specific regulatory action, and if so, what conditions or restrictions might accompany any approval for Hyperliquid to operate domestically. It is also not yet known how the Base App integration interacts with existing U.S. rules on leveraged derivatives trading for retail users, or whether eligibility requirements will change if Hyperliquid's regulatory status shifts. Further statements from the SEC, rather than from Trump directly, would be needed to confirm the scope and status of any review.