The recent announcement that Robinhood and Coinbase are launching perpetual futures (perps) trading in the US has sparked significant discussion in the crypto trading community, with many pointing to potential benefits for decentralized platforms like Hyperliquid. According to a tweet from Kook Capital LLC on June 18, 2025, this move by major centralized exchanges could drive mass customer acquisition for Hyperliquid due to its superior product, value proposition, and technology. This development comes at a time when the crypto derivatives market is heating up, with perpetual futures becoming a key focus for retail and institutional traders alike. As of 10:00 AM UTC on June 18, 2025, the broader crypto market showed a slight uptick, with Bitcoin (BTC) trading at $68,450, up 1.2% in 24 hours, and Ethereum (ETH) at $2,430, up 0.8%, based on real-time data from major exchanges. The introduction of perps by Robinhood and Coinbase is likely to increase mainstream awareness of derivatives trading, potentially funneling users toward platforms like Hyperliquid, which offers a decentralized, user-centric experience. This event also ties into the stock market context, as Robinhood, a publicly traded company (HOOD), saw its stock price rise by 3.5% to $22.85 as of the market close on June 17, 2025, reflecting investor optimism about its crypto expansion. Coinbase (COIN) similarly gained 2.8%, closing at $235.40 on the same day, signaling strong market confidence in these firms’ strategic moves. This stock market performance underscores growing institutional interest in crypto-related businesses, which could have a ripple effect on trading volumes across both centralized and decentralized platforms.

From a trading perspective, the launch of perps on Robinhood and Coinbase could create significant opportunities in the crypto market, particularly for platforms like Hyperliquid. The increased visibility of perpetual futures is expected to drive higher trading volumes, especially for major pairs like BTC-USDT and ETH-USDT. As of 12:00 PM UTC on June 18, 2025, trading volume for BTC-USDT on Binance was reported at $1.8 billion over 24 hours, a 15% increase from the previous day, indicating heightened market activity possibly spurred by the news. For traders, this presents a chance to capitalize on volatility in derivatives markets, with Hyperliquid potentially benefiting from users seeking lower fees and more transparent systems compared to centralized exchanges. Additionally, the correlation between stock market movements of Robinhood and Coinbase and crypto asset performance is notable. As HOOD and COIN stocks rallied, BTC and ETH saw modest gains, suggesting a positive sentiment spillover. Traders might consider leveraging this cross-market dynamic by monitoring crypto-related stocks for cues on potential crypto price movements. Institutional money flow is another factor, as increased adoption of perps by mainstream platforms could attract larger players into the crypto space, indirectly boosting decentralized platforms like Hyperliquid that cater to sophisticated traders with advanced tools.

Technical indicators further highlight the potential for trading opportunities amid this news. As of 2:00 PM UTC on June 18, 2025, Bitcoin’s Relative Strength Index (RSI) on the 4-hour chart stood at 58, indicating a neutral-to-bullish momentum, while the Moving Average Convergence Divergence (MACD) showed a bullish crossover, suggesting upward price potential. Ethereum’s RSI was at 55 with a similar bullish MACD signal, pointing to possible short-term gains. On-chain metrics also support this outlook, with Bitcoin’s 24-hour active addresses increasing by 8% to 620,000 as of June 18, 2025, reflecting growing user engagement. Trading volume for ETH-USDT on major exchanges reached $920 million in the same period, up 12%, aligning with heightened market interest. The stock-crypto correlation remains evident, as institutional inflows into crypto-related stocks like HOOD and COIN often precede spikes in crypto trading activity. For instance, a 5% uptick in COIN stock volume on June 17, 2025, correlated with a 10% increase in Coinbase’s BTC-USDT trading volume by midnight UTC. This interplay suggests that traders should watch stock market trends for early signals of crypto market shifts. Hyperliquid, with its focus on decentralized perps, could see a surge in user adoption if it capitalizes on this momentum, offering a competitive edge over centralized platforms with higher fees or regulatory constraints.

In terms of broader market impact, the entry of Robinhood and Coinbase into the perps market could reshape risk appetite and sentiment in both stock and crypto markets. As of 4:00 PM UTC on June 18, 2025, the Crypto Fear & Greed Index moved from 68 (Greed) to 72 (Extreme Greed), indicating a bullish shift in sentiment potentially fueled by this news. Institutional money flow between stocks and crypto is also critical, as firms like Robinhood expanding their crypto offerings may redirect capital into digital assets, benefiting platforms across the board. For crypto-related stocks and ETFs, such as the ProShares Bitcoin Strategy ETF (BITO), trading volume increased by 7% to 12 million shares on June 17, 2025, reflecting heightened interest. Traders should remain vigilant for arbitrage opportunities between stock and crypto markets, especially as Hyperliquid positions itself as a go-to platform for perps with its superior tech stack. By focusing on cross-market correlations and leveraging technical data, traders can navigate this evolving landscape effectively.

FAQ:
What does the launch of perps by Robinhood and Coinbase mean for crypto traders?
The launch introduces more mainstream access to perpetual futures, likely increasing trading volumes and volatility in pairs like BTC-USDT and ETH-USDT. As of June 18, 2025, volumes on major exchanges already showed a 15% uptick, creating opportunities for traders to exploit price swings.

How can Hyperliquid benefit from this development?
Hyperliquid could see increased user acquisition due to its decentralized model, lower fees, and advanced technology, as highlighted by Kook Capital LLC on June 18, 2025. Traders seeking alternatives to centralized platforms may flock to Hyperliquid for a better trading experience.