BloFin vs Hyperliquid

BloFin is a centralized exchange, while Hyperliquid runs as a decentralized exchange. The clearest split is how you trade: BloFin gives you a company-run platform with higher leverage and a wider range of futures coins, and Hyperliquid gives you on-chain trading with lower fees and its own token, HYPE.

BloFin vs Hyperliquid

Category	BBloFin8.8/10	HHyperliquid8.8/10
Overview
CryptoWinRate score	8.8/10	8.8/10
Founded	2019	2021
Headquarters	Cayman Islands	Singapore
Founder	Matt Hu	Jeff Yan
CEO	Matt Hu	Jeff Yan
KYC	No KYC	No KYC
Availability
Available in your country	—	—
Restricted countries	73 countries	2 countries
Deposits and withdrawals
Deposit methods	13 methods	10 methods
Withdrawal methods	2 methods	1 method
24-hour withdrawal limitKYC 0	$20,000	—
24-hour withdrawal limitKYC 1	$1,000,000	—
24-hour withdrawal limitKYC 2	$2,000,000	—
Trading fees
Spot maker fee	0.1%	0.04% (lower)
Spot taker fee	0.1%	0.07% (lower)
Futures maker fee	0.02%	0.015% (lower)
Futures taker fee	0.05%	0.045% (lower)
Coins and markets
Spot assetscrypto	243	316 (higher)
Futures contractscrypto	462 (higher)	183
Stocks	35	111 (higher)
ETFs	19 (higher)	1
FX pairs	—	3
Indices	—	9
Commodities	9	9
Leverage and margin
Max leverage	150×	40×
Features
Spot	Yes	Yes
Futures	Yes	Yes
Prediction Markets	No	Yes
Demo Trading	Yes	Yes
Copy Trading	Yes	Yes
Trading Bots	Yes	No
Lending	Yes	No
Staking	No	Yes
Security
Proof of reserves	YesAttestation ↗	Self-custody
Cold storage	Yes	Self-custody
Two-factor authentication	Yes	Self-custody
Withdrawal address whitelist	Yes	Self-custody
Anti-phishing passphrase	Yes	Self-custody
Sign-up bonus
Bonus	$5,000	—
Fee cashback	10%	—
Fee discount	—	4%
	Visit BloFin ↗Read review →	Visit Hyperliquid ↗Read review →

Availability in your country is checked live against each exchange's restricted-country list.

Who should choose BloFin

BloFin fits traders who lean hard into futures. It carries far more futures coins at 438 and more contracts at 462, and it allows leverage up to 150x, well above what Hyperliquid offers. KYC is optional. It also adds lending and trading bots, which Hyperliquid does not. The trade-off is cost: spot fees sit at 0.1% maker and 0.1% taker, higher than Hyperliquid on both sides. Neither holds a MiCA licence.

Who should choose Hyperliquid

Hyperliquid suits people who want lower running costs and on-chain control. Its fees undercut BloFin across the board, with spot at 0.04% maker and 0.07% taker, and futures at 0.015% maker and 0.045% taker. It lists more spot coins at 316 and more tokenized stocks at 111, plus staking and prediction markets. KYC is optional. The catch is leverage capped at 40x and fewer futures coins. Neither holds a MiCA licence.

Verdict

Pick BloFin if you want high leverage and the broadest set of futures coins and contracts. Pick Hyperliquid if you care most about lower fees, a wider spot and tokenized-stock selection, and on-chain trading with staking.