XBO Token Goes Live: Earn Up to 13% APR with 0% Fees and Free Withdrawals

The $XBO Token has launched at $0.15, offering 0% trading fees, cashback on exchange and card usage, and free withdrawals. It also allows for staking and earning up to 13% APR. The token aims to be a utility powerhouse for the future of trading, with features such as a launchpad for new projects and more.

Switzerland-based asset manager and issuer of crypto exchange-traded products (ETPs), 21Shares, has announced the listing of the Hyperliquid ETP on the SIX Swiss Exchange. This product offers investors exposure to the Hyperliquid token without the need for wallets or on-chain custody. The listing marks the first institutional-grade product providing exposure to the Hyperliquid protocol [1].

Hyperliquid, launched in late 2022, is a layer-1 blockchain with a decentralized exchange for perpetual futures. Unlike most DeFi platforms that use automated market makers, it runs a traditional on-chain order book that matches buy and sell orders directly, clearing trades in under a second without outside oracles or off-chain infrastructure. This model has fueled rapid growth, with Hyperliquid setting records in trading volume, revenue, and user activity over the past few months [1].

In July, the exchange processed $319 billion in trades, the highest monthly volume ever for a DeFi perpetuals platform. This helped push total decentralized perpetuals volume to nearly $487 billion, per DefiLlama. Hyperliquid also captured 35% of all blockchain revenue that month, a share that came at the expense of Solana, Ethereum, and BNB Chain. The platform emerged as the seventh-largest derivatives exchange overall by daily activity, surpassing 600,000 registered users in July [1].

However, concerns about market integrity emerged on Wednesday when four large traders pocketed nearly $48 million in suspected manipulation of Plasma’s XPL token. The token briefly spiked 200% to $1.80 before smaller traders absorbed large losses. Despite this incident, optimism around the protocol’s long-term trajectory continues to build. Speaking at the WebX 2025 conference in Tokyo, BitMEX co-founder Arthur Hayes expects the platform’s native token to rise 126-fold over the next three years [1].

The listing of the Hyperliquid ETP on the SIX Swiss Exchange provides investors with a regulated and accessible way to participate in the growing decentralized derivatives market. As the DeFi sector continues to evolve, products like the Hyperliquid ETP are likely to play a significant role in attracting institutional investors.

References:
[1] https://www.tradingview.com/news/cointelegraph:3eb0b4eb8094b:0-hyperliquid-token-gains-institutional-access-with-new-21shares-etp/