Deribit is launching derivative contracts for HYPE, the native token of the popular decentralised exchange Hyperliquid.
Options, dated futures, and a perpetual, will be available for trading on the following schedule:
- 16th June 2026 09:00 UTC; HYPE_USDC perpetual
- 23rd June 2026 09:00 UTC; HYPE_USDC options, HYPE_USDC dated futures
The options and futures will initially have the following expiries; 2 dailies, 2 weeklies, 1 monthly, 1 quarterly.
The below contains a summary of the specifications of the new contracts:
| Product | Option | Perpetual | Future |
|---|---|---|---|
| Symbol | HYPE_USDC-DDMMMYY-STRIKE-SIDE | HYPE_USDC-PERPETUAL | HYPE_USDC-DDMMMYY |
| Contract Multiplier | 10 | 1 | 1 |
| Min Ordersize | 1 contract | 0.1 HYPE | 0.1 HYPE |
| Min Ticksize | 0.002 (prices up to 0.50 USDC), 0.01 (prices above 0.50 USDC) |
0.001 | 0.005 |
| Min Block size | 150 contracts | 50,000 USDC | 50,000 USDC |
For more details, see the relevant pages in the Deribit knowledge base: Options, Futures, Perpetual.
As well as the obvious use for speculators, this new suite of derivatives is useful for holders of HYPE who wish to either hedge or attempt to generate a yield on their holdings. For any traders new to options, a great place to learn more about options is the free Deribit option course, which is also available on the Deribit YouTube.
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