Coinbase adds up to 50x crypto perpetual futures to Base app via Hyperliquid

Coinbase, the largest U.S. cryptocurrency exchange, will let Base app users trade crypto perpetual futures with up to 50x leverage through Hyperliquid, Decrypt reported. By integrating the Hyperliquid protocol, Coinbase will provide access to more than 290 perpetual futures markets on the Base app. Chintan Turakhia, Coinbase’s head of engineering, said trading volume in today’s crypto market is concentrated in perpetual futures, with about 75% of total crypto trading volume coming from futures rather than spot trading. Turakhia added perpetual futures had also been the most requested feature among Base app users. Coinbase rebranded its wallet service as the Base app last year.