Hyperliquid's HYPE higher by 10% on plans to add prediction markets and options

The exchange said it has added support for outcome-based trading in a move to compete with prediction markets. What to know : Hyperliquid’s HYPE token rose about 10% after the exchange unveiled HIP-4, a proposal to add outcome-based trading to its platform. The new fully collateralized outcome contracts would enable prediction markets and options-style derivatives with fixed price ranges, dated markets and non-linear payoffs, without margin trading or liquidations. Outcome trading will debut on a testnet with a limited set of curated markets before a potential move to permissionless listings, building on recent growth in Hyperliquid’s permissionless markets.(Coindesk)