Bitso has integrated Hyperliquid, giving users access to more than 200 on-chain perpetual futures markets. The launch brings derivatives trading into Bitso’s own app, rather than requiring users to visit another platform.
The integration matters because of Bitso’s reach. The exchange has more than 10 million users, and until now, those seeking leveraged exposure had to move their money elsewhere first.
What Bitso actually launched
The feature, called “Perps through Bitso,”, went live on November 9, 2026. It is available through Bitso Alpha, the exchange’s trading interface for more active users.
The markets extend beyond crypto. Traders can open positions tied to crypto assets, the S&P 500, gold and a range of foreign exchange pairs.
Leverage reaches up to 50x, although the maximum depends on the market. The contracts are perpetual, with no expiry dates, so positions can remain open continuously.
A perpetual future is a bet on an asset’s price direction without owning the asset. Unlike a traditional futures contract, it has no settlement date, so a position can stay open as long as the trader maintains enough collateral.
At 50x leverage, a 1% price move translates into a 50% swing in the collateral backing a position.
Why the plumbing is the real story
Bitso is not operating its own derivatives book. It routes orders to Hyperliquid, which runs an on-chain order book described as the deepest in the market.
Users fund trades through a self-custodial wallet on Hyperliquid. They control their own collateral, and Bitso is not the counterparty to any trade.
Previously, Bitso users seeking derivatives exposure had to transfer funds off the platform, learn a new interface and manage a separate account elsewhere. The process is now shorter: open Bitso Alpha, fund the self-custodial wallet and choose a market.
The backdrop: centralized front doors, decentralized back rooms
Bitso has established itself as a leading crypto exchange in Latin America. By connecting to Hyperliquid, Bitso can offer the product without building the infrastructure or taking on the risk.
Centralized platforms are increasingly providing access to on-chain liquidity instead of rebuilding it in-house, while keeping counterparty risk off their own balance sheets.
What the integration means for traders, Bitso and Hyperliquid
For Bitso users, the immediate benefit is convenience. More than 200 markets, including traditional assets such as the S&P 500 and gold, are available without leaving the app they already use.
Self-custody puts responsibility on the trader. The collateral stays in the user’s own wallet, and the user bears the outcome, good or bad.
For Hyperliquid, the deal expands distribution. An exchange with more than 10 million users becomes a new on-ramp to its order book.
Questions remain. One is how regulators in Bitso’s markets will view leveraged perpetuals on equities, commodities and foreign exchange routed through an on-chain venue. Another is how smoothly the self-custodial setup will work for users accustomed to a fully custodial exchange.
Bitso brings the users, Hyperliquid supplies the order book, and traders provide their own collateral and take on their own risk.
