Centralized exchange · since 2019 Singapore-based crypto exchange known for free built-in trading bots, with spot, futures and a separate US platform.
New users: Up to 60 USDT in Growth Funds for new users
Claim on Pionex ↗
Perpetual and spot order-book exchange running on its own Layer 1 blockchain (HyperCore and HyperEVM).
New users: Referral code gives a 4% fee discount on the first $25M of volume
Claim on Hyperliquid ↗
PionexHyperliquid
Trading fees (base tier)
Spot maker0.05%0.04%
Spot taker0.05%0.07%
Futures maker0.02%0.015%
Futures taker0.05%0.045%
Markets (live)
Coins listed685458
Coins with perpetuals561178
Coins with spot pairs309290
24h volume$20.97B$6.31B
Coins only here179 coins trade on both506279
New listings (detected live)
Last 30 days00
Last 90 days00
Safety and access
Proof of reservesYes · Elite Partners; MooreYes · real-time
Licenses2US FinCEN MSB registration (Pionex.US, with state money transmitter licences/exemptions), Registrations reported in Singapore and AustraliaNone listed
Restricted regions17 regionsUnited States (served via separate Pionex.US), China, North Korea, Iran, Cuba…8 regionsUnited States, Ontario (Canada), Cuba, Iran, Syria…
HeadquartersSingaporeNo official HQ disclosed (developed by Hyperliquid Labs)
Exchange token—HYPE
Incidents on record12
Pionex or Hyperliquid?
Pionex and Hyperliquid are compared here on what matters when you choose where to trade: base trading fees, how many coins each lists, how quickly they add new ones, perpetual prices and funding on the coins both list, and safety signals such as proof of reserves and restricted regions. Live numbers update from the exchanges' public market data; fees and policies were checked against each exchange's own pages.
Pionex lists 685 coins and Hyperliquid 458. 179 coins trade on both, 506 only on Pionex and 279 only on Hyperliquid. In the last 30 days Pionex added 0 new coins and Hyperliquid 0.
Fees above are base-tier rates before VIP levels and token discounts; Pionex offers 2 discount options and Hyperliquid offers 5 discount options. Availability depends on where you live, so check the restricted regions before signing up.