Base App gains access to more than 290 perpetual futures markets via Hyperliquid with leverage up to 50x through Coinbase. This move boosts Base’s re-emphasis on trading following its failed
Coinbase is enhancing Base App’s trading functionalities with the inclusion of perpetual futures via Hyperliquid. Qualified customers will be able to use over 290 markets for perpetuals that include Bitcoin, Ethereum, tokenized stocks, and commodity trading. The product features leverage of up to 50x for specific assets, while Hyperliquid is handling trade executions. “Chintan Turakhia, Coinbase’s Head of Engineering, explained that perpetual futures represent about 75% of all trading in cryptocurrency. He added that perps are the most requested product at Coinbase.” The product gives traders access to the markets without switching from their current custody wallets.
Base App perps are live powered by Hyperliquid.Long or short anything from your phone. pic.twitter.com/onH40YxlNf
— Base App (@baseapp) August 19, 2026
Perpetual futures allow speculation regarding asset prices without holding such assets, and contracts do not have an expiration date. Coinbase will provide varying leverage depending on different markets, which will include some assets with 50x leverage available. Increased leverage can potentially increase not only gains but also liquidation risk. Hyperliquid is responsible for providing trade execution and liquidity, while users can access the markets through the Base App wallet.
This product is another step for Base App, whose strategy is changing. Coinbase initially aimed at building a trading app that would feature social elements, messaging, AI, and monetization of creators. Nevertheless, social features were less popular than anticipated. Jesse Pollak from Base noted that prediction markets, perpetuals, and stablecoins became major incentives for user activities; thus, Base decided to emphasize trading, payments, and AI.
With the launch of the Hyperliquid integration at Coinbase, perpetual futures have been added to prediction markets and stablecoins, aligning with Base’s trading-oriented direction. The product increases the number of tradable assets that can be traded using the app, which goes beyond traditional cryptocurrencies. Tokenized stocks and commodity markets provide eligible traders with the opportunity to trade other markets in the same self-custodial space.
This is happening amid the growing importance of derivatives in the crypto world. By implementing perpetual futures into Base App, Coinbase provides eligible users with direct access to leverage-based trading without moving from the Hyperliquid execution platform.
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