KuCoin Web3 Wallet Expands into Crypto + TradFi Perpetual Contracts Market Following HIP-3 Integration
Providenciales, Turks and Caicos Islands — KuCoin Web3 has announced that the KuCoin Web3 Wallet is expanding into the Crypto + TradFi perpetual contracts market through integration with the Hyperliquid Improvement Proposal 3 (HIP-3). With this latest feature, users can access an increasing number of perpetual contract instruments, ranging from crypto assets, stocks, and commodities to indices and markets related to foreign exchange movements. All are available through a single non-custodial (self-custody) digital wallet that combines a mobile-based Web3 experience with a professional and intuitive trading interface. This move follows the launch of built-in Perps features in the KuCoin Web3 Wallet last January. Through this integration, users can enjoy a more practical and efficient derivatives trading experience while maintaining full control over their assets and private keys.
HIP-3 is the latest feature within the Hyperliquid ecosystem that expands access to the formation of new perpetual markets. Through this mechanism, eligible parties can launch new perpetual markets under established operational standards and accountability. Supported by HIP-3, the Perps feature in KuCoin Web3 Wallet is now connected to an increasing number of markets, aligning with the expansion of the Hyperliquid ecosystem. All trading activities continue to take place within a single wallet interface that provides speed, ease, and a consistent user experience.
“After integrating with Hyperliquid’s HIP-3, we are introducing a more open market expansion model, which is directly available through the built-in Perps feature of the KuCoin Web3 Wallet,” said Gas Meng, Lead of KuCoin Web3 Wallet Operations. “This latest feature helps users access an increasing number of dynamic perpetual markets, ranging from crypto assets to instruments linked to traditional financial markets, through a single mobile-based platform with full control over assets. At the same time, we continue to prioritise mature liquidity sources to maintain transaction execution quality and user convenience in line with ecosystem growth,” he added.
Through the HIP-3 integration, KuCoin Web3 Wallet is expanding its market scope from crypto-based instruments to a ‘Crypto + TradFi one-stop Perps’ experience within a single platform. As qualifying markets are formed, users can gain derivative-based price exposure for more asset categories without having to switch between applications or use separate trading workflows. In the initial launch phase, KuCoin Web3 Wallet is integrating HIP-3 via the XYZ protocol, due to its more established liquidity and execution quality.
KuCoin Web3 Wallet first introduced built-in Perps features last January to simplify access to blockchain-based derivative products. The latest HIP-3 feature represents the next step in the development of these products, combining a professional and intuitive trading experience with a more open market expansion architecture. Through this approach, KuCoin Web3 Wallet provides more comprehensive asset coverage in a non-custodial wallet format optimised for mobile devices.