Coinbase adds 50x crypto perps to Base App via Hyperliquid integration

Coinbase is plugging Hyperliquid’s perpetual futures engine directly into the Base App, giving eligible users access to leveraged trading up to 50x across more than 290 markets. The move deepens a relationship that started taking shape in May 2026, when Coinbase was named the official USDC treasury deployer on Hyperliquid’s network. What the integration actually looks like Hyperliquid runs on its own purpose-built Layer 1 blockchain with a fully on-chain order book. That’s a meaningful distinction from most decentralized exchanges, which rely on off-chain matching engines or automated market makers that can suffer from slippage on larger trades. An on-chain order book means the matching happens where the settlement happens, reducing the trust assumptions baked into the process. Through the Base App integration, users can trade perpetual futures contracts, a type of derivative that lets traders bet on an asset’s price without ever holding it, and without the contract ever expiring. The 50x leverage ceiling means a trader could control a $50,000 position with just $1,000 in collateral. Hyperliquid supports over 300 trading markets across perpetual and spot categories, spanning crypto...