Hyperliquid's USDC deal could supercharge HYPE, pressure Circle, Coinbase margins, analysts say

Loading market data...

USDC

Daily

$1.0008

▼ -0.00%

Volume (24h): -

Resistance Levels

Resistance 3$1.0219

Resistance 2$1.017

Resistance 1$1.0009

Price$1.0008

Support 1$1.0008

Support 2$0.9853

Support 3$0.9706

Pivot (PP):$1.0009

Trend:Uptrend

RSI (14):54.8

CoinDesk Staff

(08:18 PM UTC)

1 min read

The revenue share deal could shift an estimated $160 million in revenue from Coinbase and Circle into Hyperliquid's ecosystem, Compass Point analysts said.

Hyperliquid's new deal with Coinbase (COIN) and Circle (CRCL) is shifting stablecoin profits away from issuers and toward crypto trading platforms, a move analysts said could create sustained buying pressure for the HYPE token while squeezing…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

Add COINOTAG as a Preferred Source

Add COINOTAG to your preferred sources in Google News and Search to see our coverage first.

Add on Google

Comments