What is Hyperliquid Exchange?
Hyperliquid Exchange is a digital asset trading platform built for traders who need speed, deep orderbooks, and professional execution features. The platform combines high-performance matching engines with advanced order types, institutional-grade custody options, and a transparent fee model to serve active spot and derivatives traders.
Core Features
- Deep Liquidity: Tight spreads and large resting volumes across major crypto pairs, designed to minimise slippage on large orders.
- Low Latency Matching: State-of-the-art matching engines and colocated infrastructure for millisecond execution times.
- Advanced Order Types: Limit, market, stop, TWAP, iceberg orders, and conditional orders for algorithmic strategies.
- Derivatives & Spot: Both perpetual futures and spot trading with cross-margin and isolated margin options.
- Robust APIs: REST and WebSocket APIs for programmatic trading, strategy backtesting, and market data feeds.
- Security & Compliance: Multi-layer custody, cold storage for reserves, 2FA, and routine audits.
How It Works
Traders create an account, complete the KYC process as required by their jurisdiction, deposit funds via supported on-ramps or transfers, and begin trading using the web UI or API. Orders route into an orderbook where the matching engine executes them based on price-time priority. Risk controls and margin calculators are available in the UI to manage exposure.
Fees & Pricing
Hyperliquid uses a transparent maker-taker pricing model with volume-based tiers. Makers generally receive lower fees (or rebates) to reward liquidity provision, while takers pay slightly higher fees. Derivatives have distinct funding and rollover mechanics; check the rates in your account dashboard for exact, up-to-date numbers.
Security & Trust
Security is a priority: cold storage for the majority of assets, multi-signature approvals for withdrawals, mandatory 2FA for all accounts, and independent penetration testing. The exchange publishes regular security summaries and works with reputable custodians for institutional clients.
Onboarding & Getting Started
New users sign up with an email, complete identity verification where required, and deposit funds. For API users, create API keys with granular permissions and IP whitelisting. Institutional onboarding often includes bespoke support, legal agreements, and dedicated account representatives.
Common Use Cases
- Professional trading firms: Benefit from deep liquidity and low-latency execution.
- Market makers: Use advanced order types and rebates to run liquidity strategies.
- Arbitrageurs: Exploit cross-market price differences using the exchange’s API.
- Retail traders: Access institutional features with a user-friendly UI.
FAQ
Is custody provided? Yes — a combination of in-house and third-party custodial solutions are used to secure assets.
Are there regional restrictions? Some jurisdictions may be restricted due to local regulations — check the exchange’s terms of service.
Contact & Support
For support, use the in-app help center, official email, or the exchange’s documented support channels. Institutional clients typically receive dedicated account management.