BitGo links self-custody wallets to Hyperliquid trading

BitGo has connected its self-custody hot wallets to Hyperliquid, with the link available to eligible existing clients through WalletConnect.

The arrangement lets clients use existing BitGo wallets to access Hyperliquid perpetual markets without setting up a separate wallet or adding a new approval process for fund transfers.

After a one-time activation, clients can place, amend and close orders on Hyperliquid without submitting a new BitGo wallet signature for each trade. They also do not need to make a separate on-chain gas payment for each order, although Hyperliquid trading fees and other applicable charges still apply.

The connection is aimed at institutional users that already manage digital assets through BitGo's self-custody hot wallets. Deposits and withdrawals that require a BitGo wallet transaction will still follow the wallet's existing approval settings, including multi-user approvals where those are in place.

Once trading funds are available on Hyperliquid, users can manage orders and positions directly on the venue. The connection is made through WalletConnect, creating a permissioned link between the client wallet and Hyperliquid without exposing private keys.

Access limits

The feature is available now to eligible existing clients, but not to users in the United States, United Kingdom, Canada or other jurisdictions where access to leveraged digital asset derivatives is restricted.

The limitation reflects regulatory constraints that continue to shape the market for perpetual futures and other leveraged crypto products. While spot crypto services are widely available in many markets, derivatives tied to digital assets often face tighter rules on distribution and access, particularly for retail participants and, in some cases, institutions.

Hyperliquid is known in crypto markets for perpetual futures and spot trading. The new link allows institutions already using BitGo's wallet infrastructure to reach those markets without changing their wallet setup for each venue.

Mike Belshe, Chief Executive Officer and Co-founder of BitGo, said: "Institutional traders should not have to build a new wallet stack every time they access an onchain venue.

"We believe this connectivity gives clients a more efficient way to access Hyperliquid using their existing BitGo self-custody wallets, while keeping their established controls over wallet access and fund transfers."

Institutional push

The launch points to a broader effort among crypto infrastructure providers to reduce the operational friction institutions face when moving between custodians, wallets and trading venues. One persistent barrier for larger market participants has been the need to maintain separate wallet arrangements and approval workflows for different platforms, particularly when those platforms are decentralised or on-chain.

By allowing an existing self-custody wallet to connect to a derivatives venue, BitGo is trying to preserve the control framework institutions already use while extending access to external markets. In practice, that means treasury teams and trading desks can keep their established wallet policies for transfers, while traders manage market exposure on Hyperliquid once funds are available for trading.

BitGo has built its business around custody, wallets, staking, trading, financing, stablecoins and settlement services for digital assets. The company serves institutional clients including financial firms, exchanges and investment platforms, and also operates regulated entities including BitGo Bank & Trust.

Hyperliquid, for its part, is a blockchain focused on trading activity, particularly perpetual futures. The venue has drawn attention in digital asset markets because of the volume handled on its perpetual and spot products, making it one of the better-known on-chain trading destinations for crypto-native users and institutions prepared to use decentralised market infrastructure.

The integration underlines how wallet providers and trading venues are increasingly tying their systems together as institutional crypto trading becomes more specialised. Rather than asking clients to move assets across multiple standalone systems for each venue, firms are seeking ways to connect existing controls to a wider range of networks and applications.

For institutional market participants, the appeal lies less in novelty than in workflow. The ability to keep transfer approvals in place while reducing repeated signatures for each trading action may help firms separate operational control from day-to-day execution.

Deposits and withdrawals that require a BitGo wallet transaction will continue to follow the wallet's configured approval policies, including any multi-user approval requirements.