Skip to Content Facebook Feature Image

KuCoin Web3 Wallet Expands Into Crypto + TradFi Perpetuals With HIP-3 Upgrade

Business

KuCoin Web3 Wallet Expands Into Crypto + TradFi Perpetuals With HIP-3 Upgrade
Business

Business

KuCoin Web3 Wallet Expands Into Crypto + TradFi Perpetuals With HIP-3 Upgrade

2026-06-01 18:00 Last Updated At:18:15

PROVIDENCIALES, Turks and Caicos Islands, June 1, 2026 /PRNewswire/ -- KuCoin Web3 today announced that KuCoin Web3 Wallet is expanding into Crypto + TradFi perpetual markets through the integration of Hyperliquid Improvement Proposal 3 (HIP-3). The upgrade enables users to access a broader universe of perpetual trading opportunities—including crypto assets, equities, commodities, indices, and foreign exchange–linked markets—directly within a single self-custody wallet, combining a mobile-first Web3 experience with a professional and intuitive trading interface. The release builds on KuCoin Web3 Wallet's January launch of native in-wallet Perps, further advancing a streamlined derivatives experience while maintaining user control over assets and private keys.

HIP-3 is an upgrade within the Hyperliquid ecosystem designed to make the creation of new perpetual markets more open. Under this model, qualified builders can deploy new perpetual markets using on-chain mechanisms intended to support accountability and operational standards. With HIP-3 support now integrated, KuCoin Web3 Wallet's in-wallet Perps experience can connect to a broader universe of markets as the ecosystem expands—while keeping trading within a unified in-wallet interface optimized for speed, simplicity, and consistency.

"By integrating Hyperliquid's HIP-3 framework, we're bringing a more open market expansion model directly into KuCoin Web3 Wallet's native Perps experience," said Gas Meng, Lead of KuCoin Web3 Wallet Operation. "This upgrade helps users access a broader and faster-moving set of perpetual markets—from crypto to TradFi-linked price exposure—through one mobile-first, self-custody entry point, while we prioritize mature liquidity sources to keep execution quality and usability consistent as the ecosystem grows."

By integrating HIP-3, KuCoin Web3 Wallet is extending market access beyond crypto-native instruments to support a more comprehensive "Crypto + TradFi one-stop Perps" experience. As eligible markets become available, users can access derivative-based price exposure across a wider set of categories from a single self-custody entry point, reducing the need to navigate multiple apps and disconnected trading workflows. At launch, KuCoin Web3 Wallet integrates HIP-3 via the XYZ protocol, selected for its more established liquidity and execution quality, supporting market expansion while maintaining a balanced trading experience.

KuCoin Web3 Wallet introduced native in-wallet Perps in January to streamline on-chain derivatives access with a smoother user journey. This HIP-3 upgrade marks the next step in that product roadmap, pairing a familiar, professional and intuitive trading experience with a more open market expansion architecture to support broader asset coverage within a self-custodial, mobile-native format.

About KuCoin Web3 Wallet

KuCoin Web3 Wallet is a decentralized, non-custodial wallet that supports multiple blockchains. Designed with security and on-chain alpha at its core, it features a built-in cross-chain swap aggregator DEX for seamless trading across networks, along with Smart Money tools to help you spot early opportunities. With access to over 1,000 DApps and a dedicated airdrop hub featuring trending and newly listed tokens, KuCoin Web3 Wallet serves as your ultimate all-in-one gateway to the Web3 world.

Learn more: X | Telegram | Instagram

PROVIDENCIALES, Turks and Caicos Islands, June 1, 2026 /PRNewswire/ -- KuCoin Web3 today announced that KuCoin Web3 Wallet is expanding into Crypto + TradFi perpetual markets through the integration of Hyperliquid Improvement Proposal 3 (HIP-3). The upgrade enables users to access a broader universe of perpetual trading opportunities—including crypto assets, equities, commodities, indices, and foreign exchange–linked markets—directly within a single self-custody wallet, combining a mobile-first Web3 experience with a professional and intuitive trading interface. The release builds on KuCoin Web3 Wallet's January launch of native in-wallet Perps, further advancing a streamlined derivatives experience while maintaining user control over assets and private keys.

HIP-3 is an upgrade within the Hyperliquid ecosystem designed to make the creation of new perpetual markets more open. Under this model, qualified builders can deploy new perpetual markets using on-chain mechanisms intended to support accountability and operational standards. With HIP-3 support now integrated, KuCoin Web3 Wallet's in-wallet Perps experience can connect to a broader universe of markets as the ecosystem expands—while keeping trading within a unified in-wallet interface optimized for speed, simplicity, and consistency.

"By integrating Hyperliquid's HIP-3 framework, we're bringing a more open market expansion model directly into KuCoin Web3 Wallet's native Perps experience," said Gas Meng, Lead of KuCoin Web3 Wallet Operation. "This upgrade helps users access a broader and faster-moving set of perpetual markets—from crypto to TradFi-linked price exposure—through one mobile-first, self-custody entry point, while we prioritize mature liquidity sources to keep execution quality and usability consistent as the ecosystem grows."

By integrating HIP-3, KuCoin Web3 Wallet is extending market access beyond crypto-native instruments to support a more comprehensive "Crypto + TradFi one-stop Perps" experience. As eligible markets become available, users can access derivative-based price exposure across a wider set of categories from a single self-custody entry point, reducing the need to navigate multiple apps and disconnected trading workflows. At launch, KuCoin Web3 Wallet integrates HIP-3 via the XYZ protocol, selected for its more established liquidity and execution quality, supporting market expansion while maintaining a balanced trading experience.

KuCoin Web3 Wallet introduced native in-wallet Perps in January to streamline on-chain derivatives access with a smoother user journey. This HIP-3 upgrade marks the next step in that product roadmap, pairing a familiar, professional and intuitive trading experience with a more open market expansion architecture to support broader asset coverage within a self-custodial, mobile-native format.

About KuCoin Web3 Wallet

KuCoin Web3 Wallet is a decentralized, non-custodial wallet that supports multiple blockchains. Designed with security and on-chain alpha at its core, it features a built-in cross-chain swap aggregator DEX for seamless trading across networks, along with Smart Money tools to help you spot early opportunities. With access to over 1,000 DApps and a dedicated airdrop hub featuring trending and newly listed tokens, KuCoin Web3 Wallet serves as your ultimate all-in-one gateway to the Web3 world.

Learn more: X | Telegram | Instagram

** This press release is distributed by PR Newswire through automated distribution system, for which the client assumes full responsibility. **

KuCoin Web3 Wallet Expands Into Crypto + TradFi Perpetuals With HIP-3 Upgrade

KuCoin Web3 Wallet Expands Into Crypto + TradFi Perpetuals With HIP-3 Upgrade

VICTORIA, Seychelles, June 1, 2026 /PRNewswire/ -- TokenInsight recently released its Crypto Exchange Liquidity Report, providing a systematic assessment of liquidity performance across eight major global crypto exchanges based on order book depth, trading slippage, and bid-ask spread. According to the report, MEXC, a pioneer in 0-fee digital asset trading, ranked among the top performers across multiple key liquidity metrics, including SILVER(XAG) Futures slippage, bid-ask spread, and ETH Futures slippage. Notably, MEXC ranked first across all measured indicators for silver Futures.

Silver Futures rank first across all metrics: lowest slippage and tightest spread
In the precious metals Futures market, MEXC also demonstrated strong liquidity advantages. According to the report, MEXC recorded the lowest slippage across all SILVER(XAG) Futures measurements, with median slippage of just 0.019% for $500K sell orders and 0.035% for $1M sell orders, outperforming other major exchanges overall.

Meanwhile, MEXC's XAG Futures bid-ask spread ranked as the tightest at 1.196 bps, clearly ahead of the concentrated range of 1.315 to 1.351 bps seen among other exchanges. The dual advantage in both slippage and spread reflects MEXC's more competitive quote quality and execution efficiency in the SILVER(XAG) Futures market.

ETH Futures slippage leads across all order sizes
The report also shows that MEXC led across ETH Futures slippage metrics. In the $1M sell order test, MEXC recorded median slippage of only 0.015%, with P90 slippage at 0.020%. In the $5M sell order test, median slippage stood at 0.050%, with P90 slippage at 0.056%. This indicates that during the sample period, MEXC demonstrated strong order absorption capacity and stable execution performance in large-size ETH Futures trading scenarios.

Precious metals Futures order book depth ranks third overall
In addition to slippage and spread, MEXC also performed strongly in precious metals Futures order book depth. According to the report, MEXC recorded cumulative depth of $4.3 million within the 0.1% price range and $8.9 million within the 0.3% price range, ranking third overall. Sufficient order book depth helps reduce the price impact of large orders and provides users with a more stable trading execution environment.

Overall, low slippage, tight spreads, and sufficient order book depth are key foundations of a strong Futures trading experience. Looking ahead, MEXC will continue to enhance liquidity performance and create infinite opportunities for users worldwide.

Full report: TokenInsight Crypto Exchange Liquidity Report, May 2026

About MEXC
MEXC is the world's fastest-growing cryptocurrency exchange, trusted by more than 40 million users across 170+ markets. Built on a user-first philosophy, MEXC offers industry-leading 0-fee trading and access to over 3,000 digital assets. As the Gateway to Infinite Opportunities, MEXC provides a single platform where users can easily trade cryptocurrencies alongside tokenized assets, including stocks, ETFs, commodities, and precious metals.
MEXC Official Website X TelegramHow to Sign Up on MEXC

 

VICTORIA, Seychelles, June 1, 2026 /PRNewswire/ -- TokenInsight recently released its Crypto Exchange Liquidity Report, providing a systematic assessment of liquidity performance across eight major global crypto exchanges based on order book depth, trading slippage, and bid-ask spread. According to the report, MEXC, a pioneer in 0-fee digital asset trading, ranked among the top performers across multiple key liquidity metrics, including SILVER(XAG) Futures slippage, bid-ask spread, and ETH Futures slippage. Notably, MEXC ranked first across all measured indicators for silver Futures.

Silver Futures rank first across all metrics: lowest slippage and tightest spread
In the precious metals Futures market, MEXC also demonstrated strong liquidity advantages. According to the report, MEXC recorded the lowest slippage across all SILVER(XAG) Futures measurements, with median slippage of just 0.019% for $500K sell orders and 0.035% for $1M sell orders, outperforming other major exchanges overall.

Meanwhile, MEXC's XAG Futures bid-ask spread ranked as the tightest at 1.196 bps, clearly ahead of the concentrated range of 1.315 to 1.351 bps seen among other exchanges. The dual advantage in both slippage and spread reflects MEXC's more competitive quote quality and execution efficiency in the SILVER(XAG) Futures market.

ETH Futures slippage leads across all order sizes
The report also shows that MEXC led across ETH Futures slippage metrics. In the $1M sell order test, MEXC recorded median slippage of only 0.015%, with P90 slippage at 0.020%. In the $5M sell order test, median slippage stood at 0.050%, with P90 slippage at 0.056%. This indicates that during the sample period, MEXC demonstrated strong order absorption capacity and stable execution performance in large-size ETH Futures trading scenarios.

Precious metals Futures order book depth ranks third overall
In addition to slippage and spread, MEXC also performed strongly in precious metals Futures order book depth. According to the report, MEXC recorded cumulative depth of $4.3 million within the 0.1% price range and $8.9 million within the 0.3% price range, ranking third overall. Sufficient order book depth helps reduce the price impact of large orders and provides users with a more stable trading execution environment.

Overall, low slippage, tight spreads, and sufficient order book depth are key foundations of a strong Futures trading experience. Looking ahead, MEXC will continue to enhance liquidity performance and create infinite opportunities for users worldwide.

Full report: TokenInsight Crypto Exchange Liquidity Report, May 2026

About MEXC
MEXC is the world's fastest-growing cryptocurrency exchange, trusted by more than 40 million users across 170+ markets. Built on a user-first philosophy, MEXC offers industry-leading 0-fee trading and access to over 3,000 digital assets. As the Gateway to Infinite Opportunities, MEXC provides a single platform where users can easily trade cryptocurrencies alongside tokenized assets, including stocks, ETFs, commodities, and precious metals.
MEXC Official Website X TelegramHow to Sign Up on MEXC

 

** This press release is distributed by PR Newswire through automated distribution system, for which the client assumes full responsibility. **

TokenInsight Report: MEXC Ranks No. 1 Globally in Silver Futures Liquidity, Leading Across Multiple Metrics

TokenInsight Report: MEXC Ranks No. 1 Globally in Silver Futures Liquidity, Leading Across Multiple Metrics

TokenInsight Report: MEXC Ranks No. 1 Globally in Silver Futures Liquidity, Leading Across Multiple Metrics

TokenInsight Report: MEXC Ranks No. 1 Globally in Silver Futures Liquidity, Leading Across Multiple Metrics

Recommended Articles