Pump.fun has expanded past its core Solana memecoin business by introducing perpetual futures trading through Hyperliquid. The move gives the platform a way to offer leveraged crypto trading without operating its own derivatives venue, according to terms updated on Oct. 17, 2026.

The new feature also adds a fresh source of fees for Pump.fun. At the same time, the updated terms bar users in the United States, including American territories, as well as users in Ontario, from accessing the perpetuals product.

A new product beyond meme coins

Pump.fun became known as a launchpad and trading venue centered on Solana-based meme coins. With the addition of perpetual futures, it is now entering a different segment of the crypto market that focuses on leveraged speculation rather than spot ownership of newly issued tokens.

Perpetual futures are contracts that allow traders to bet on price moves in cryptocurrencies without holding the underlying asset and without a fixed expiry date. The arrangement lets Pump.fun broaden its offerings while relying on existing infrastructure from Hyperliquid.

How the setup works

Under the new interface, Pump.fun acts as the front end while Hyperliquid provides the trading engine behind the scenes. Order matching, collateral management, funding payments and liquidations are handled by Hyperliquid rather than by Pump.fun itself.

Users keep control of their own wallets, and their open positions remain available through Hyperliquid even if access to Pump.fun is no longer available. Earlier trading data indicated support for bitcoin perpetual contracts with leverage of up to 40x and ethereum contracts with leverage of up to 25x.

Fee structure and added costs

Pump.fun’s updated fee schedule says the platform may charge builder fees of up to 0.10% of an order’s value when a trader opens, increases or closes a position. On a $10,000 trade, that would amount to a $10 fee charged by Pump.fun.

Funding the product through the integrated bridge can carry a further fee of up to 0.25%. Based on the examples in the source material, transferring $1,000 could cost $2.50 before any outside fees are added. Hyperliquid’s own trading fees and other third-party charges apply separately, meaning total costs can extend beyond Pump.fun’s listed fees.

Who cannot use the feature

The updated terms prohibit access to perpetual futures for users in the United States, including American territories, and for users in Ontario. The restrictions also extend to sanctioned jurisdictions and other prohibited persons under the platform’s rules.

Pump.fun’s terms also say users may not use a VPN to work around those limits. The regional restrictions are notable because the product involves leverage, which can amplify gains and losses and can lead to forced liquidations if margin requirements are no longer met.

What the launch changes

For Pump.fun, the rollout creates another potential revenue stream beyond its meme-coin activity while avoiding the need to run its own perpetuals exchange. The structure leaves core trading functions to Hyperliquid while Pump.fun captures interface and bridge-related fees.

For users who are allowed to access the feature, the next confirmed step is the live use of the perpetuals interface under the updated Oct. 17, 2026 terms. The practical trade-off is clear in the launch details: broader access to leveraged crypto exposure, but with layered fees and the risk that a relatively small move against a position can erase posted collateral.

Source: news.bitcoin.com