MoonPay launches Trade & expands Hyperliquid access

MoonPay has launched MoonPay Trade and added support for USDH and USDC on Hyperliquid through its Gateway service. The moves expand its digital asset trading and payments infrastructure for institutional and retail crypto users.

MoonPay Trade is a single API platform that provides applications, financial institutions, and businesses with access to digital assets and value transfer across more than 200 blockchains and protocols. The launch also turns Decent. xyz's technology, the cross-chain routing company MoonPay acquired, into a formal product for institutional and business customers.

At the same time, Gateway now supports USDH and USDC on HyperCore, Hyperliquid's core trading layer. Users can move from fiat currency into the two stablecoins used on Hyperliquid without separate bridges, swaps or multiple transactions.

The announcements highlight MoonPay's expansion beyond consumer on-ramps into broader transaction execution and settlement services. MoonPay Trade will serve as the execution layer for MoonPay Institutional, the company's unit for regulated financial services firms.

Single integration

MoonPay says on-chain liquidity remains fragmented across networks, trading venues and protocols, making direct integration expensive and technically difficult. MoonPay Trade is designed to reduce that burden by combining transaction execution, settlement, conversion and payment support for more than 120 fiat currencies on one platform.

The service includes cross-chain routing and execution, collateral movement across permissioned and permissionless networks, and fiat-to-on-chain conversion and settlement. MoonPay's compliance and reporting systems support on-chain execution.

MoonPay linked the launch to rising institutional use of digital assets, particularly in tokenised funds, collateral movement and multi-currency settlement. The product expands the group's role from handling crypto entry and exit points to covering more of the process between them.

"Institutions are tokenising funds, moving collateral across chains, and settling in dozens of currencies," said Ivan Soto-Wright, Co-Founder and Chief Executive Officer, MoonPay.

"The market is here. MoonPay Trade brings all of that together in one platform for any institution, enterprise, or application," Soto-Wright said.

Hyperliquid access

The Gateway update focuses on Hyperliquid, a Layer 1 blockchain built around a fully on-chain central limit order book through its HyperCore protocol. Users can now buy USDH and USDC on HyperCore using payment methods including cards, bank transfers, Apple Pay and Google Pay.

Gateway combines MoonPay's fiat ramps with on-chain routing through decentralised exchange aggregators. Rather than adding tokens one by one, the service connects to on-chain liquidity and automatically makes qualifying assets available for purchase.

For Hyperliquid users, this creates a direct route from fiat into the stablecoins used for trading on the network. The service is live for users in the United States (excluding New York) and in the UK.

According to MoonPay, Hyperliquid has expanded beyond perpetual futures into spot markets, builder-deployed markets and outcome contracts. The network also has more than 170 projects building on HyperEVM, its EVM-compatible smart contract layer.

MoonPay described the Hyperliquid rollout as the latest step in a broader Gateway expansion across blockchain networks. The service first launched on Solana, where the number of purchasable tokens rose from about 80 to more than 300, before expanding to Base and the Ethereum mainnet through Decent.xyz infrastructure.

This network-by-network approach means each additional chain can make more qualifying assets available through the same architecture. In practice, it gives MoonPay a way to extend its fiat on-ramp into decentralised trading venues where liquidity is already concentrated.

"Gateway is designed to meet traders where liquidity lives," said Soto-Wright. "Adding USDH and USDC on HyperCore gives users a direct path from fiat to Hyperliquid's core trading assets, removing the friction that has historically kept new capital on the sidelines."