Bitso Integrates Hyperliquid, Offering 200+ Perpetual Markets

Bitso's move pushes a major regional exchange into offshore-style perpetuals, effectively importing Hyperliquid's order book and liquidity rather than building its own derivatives stack. For Bitso's retail base, the notable shift is access to TradFi underlyings — S&P 500, gold, forex — under one account, blurring the line between crypto venue and multi-asset broker. The open question is regulatory: offering 50x leverage on non-crypto underlyings to a mass retail audience invites scrutiny in Bitso's core Latin American markets. How that exposure is managed, and whether rival exchanges follow with similar Hyperliquid tie-ups, is worth watching.