Trade.xyz wins MELI perpetual contract rights for 586.42 HYPE
Original headlineTrade.xyz, MELI 무기한계약 권한 586.42 HYPE에 낙찰
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Trade.xyz won the ticker rights to deploy a perpetual futures market for Mercado Libre (MELI) on Hyperliquid for 586.42 HYPE, roughly $50,400 (about 67.18 million won), according to official data reported by Odaily at 8:57 p.m. KST on the 2nd. The auction on Hyperliquid, the decentralized perpetuals exchange whose native token is HYPE, allows the winning bidder to list a perp market using MELI—the e-commerce and fintech giant of Latin America—as the underlying asset. The bid underscores growing demand for ticker rights on Hyperliquid as trading venues race to list perps tied to major equities, bridging traditional stocks and on-chain derivatives. It also signals rising institutional and trader interest in Latin American equity exposure via crypto rails. Watch for the MELI perp's launch date, its opening liquidity and volumes, and whether other blue-chip equities follow with similar listings on Hyperliquid.
Muhabbit's AI wrote this summary in its own words from TokenPost's report and translated it from Korean. It can get details wrong, so check the source.
Named in this story
Hyperliquid (HYPE), Trade.xyz, MELI, HYPE (HYPE)
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