Hyperliquid
Deepest perp liquidity. 4% fee discount on your first $25M of volume.
Skip the passport uploads and frozen withdrawals. Hyperliquid, Aster and Lighter let you trade 500+ markets — crypto, US equities, forex and commodities — straight from your own wallet, 24/7, from almost anywhere in the world.
Your keys, your coins. No exchange ever holds your funds.
Centralized exchanges demand your identity, custody your money and can freeze it at will. Decentralized perpetual exchanges flip the model. For the full wallet-only setup, read our best no-KYC crypto exchanges guide.
No email, no passport, no selfie, no proof of address. Connect a Web3 wallet and you're trading in under a minute.
Funds never leave your control. No exchange bankruptcy, no frozen accounts, no withdrawal limits — your keys, your money.
Bitcoin, ETH, memecoins, US stocks, S&P 500, forex, gold, silver, oil — perpetuals on everything, trading 24/7.
On-chain order books with millisecond matching, deep liquidity and up to 1001x leverage. All settlement verifiable on-chain.
Four venues we cover. Trade opens the exchange with this site's referral link. Detail opens the full review — fees, markets and risks.
Deepest perp liquidity. 4% fee discount on your first $25M of volume.
Stocks, forex and gold, up to 1001x. Maker fees are 0% on listed perps.
0% maker and 0% taker for retail accounts. Points kickback on trading activity.
CEX route to buy or move stablecoins. Account checks apply where required.
Trade uses this site's referral link and may earn a commission. Detail stays on TradeMarkets.pro.
Three very different edges: liquidity, market breadth, or zero fees. Many pros use all three. Want the deep dive? Read our full Hyperliquid vs Aster vs Lighter comparison.
| Hyperliquid | Aster | Lighter | |
|---|---|---|---|
| KYC required | None | None | None |
| Architecture | Own L1 (HyperCore + HyperEVM) | Own L1 (Aster Chain, 50ms blocks) | Ethereum ZK-rollup |
| Markets | 300+ perps · 50+ spot | 120+ assets across 5 classes | 100+ perps + spot |
| Stocks / gold / silver | Yes (HIP-3 markets) | Yes — widest TradFi range | Yes — gold, silver, stocks & ETFs at 0% fees |
| Max leverage | 40x | 1001x | 50x |
| Retail fees | 0.015% / 0.045% | 0% maker / 0.04% taker | 0% / 0% |
| Privacy features | Standard on-chain | ZK + stealth addresses | ZK-verified execution |
| Earn products | HLP vaults · HYPE staking | USDF yield margin · asBNB | LLP pool · LIT staking |
| Token | HYPE (97% revenue buyback) | ASTER + Rh points seasons | LIT (live since Dec 2025) |
| Referral bonus | 4% fee discount ($25M vol) | Rh points boost + rebates | Points kickback |
| Best for | Deep liquidity, size traders | Stocks/commodities, privacy, degen leverage | High-frequency & fee-sensitive traders |
The entire onboarding is three steps. No forms, no waiting for approval, no documents.
Install MetaMask, Rabby or OKX Wallet (free, 2 minutes). This wallet is your account — no email or password ever needed.
Send USDC or USDT to your wallet on Arbitrum, BNB Chain, Ethereum or Solana. Need the exact route? Use the wallet and deposit guide.
Open any exchange through the links above, click "Connect Wallet", deposit, and trade 500+ markets instantly — perks auto-applied.