Markets by Kinetiq

Q: Is Markets by Kinetiq safe to use?

There is no published dexwatch security score or audit list for Markets by Kinetiq in our dataset yet, so we mark that as not available. Like other decentralized exchanges it is non-custodial, meaning you keep control of your funds in your own wallet. Always do your own research before trading.

Q: What are the trading fees on Markets by Kinetiq?

Markets by Kinetiq charges a maker fee of 0.003% and a taker fee of 0.0081%.

Q: What is the maximum leverage on Markets by Kinetiq?

Markets by Kinetiq offers up to 25× leverage on supported markets. High leverage is extremely risky and can liquidate a position quickly — only trade what you can afford to lose.

Q: Which blockchains does Markets by Kinetiq support?

Markets by Kinetiq operates on Hyperliquid L1.

Q: Does Markets by Kinetiq have a token?

No. Markets by Kinetiq has no live token at the time of writing. We do not speculate on future token launches.

Perp DEX (HIP-3)

$— · Founded 2026 · markets.xyz ↗

No token yetPre-token

Visit Markets by Kinetiq ↗

★★★★★★★★★★

52/100dexwatch score · Caution

Kinetiq's HIP-3 venue on Hyperliquid for US index, bond and Bitcoin-volatility perps — co-owned by kmHYPE stakers, cheap in growth mode, but down to five live markets after the 2026 USDH wind-down.

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Status

Launched on 12 January 2026 with USDH margin (dex "km"); after Native Markets sunset USDH, all markets were settled at mark in June 2026 and the venue was redeployed as USDC-margined dex "mkts" (data resumes 23 July). Five markets are live; BVIV (Bitcoin implied volatility) was added on 16 September 2026. Fees shown are growth-mode rates.

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For beginners

You trade from a Hyperliquid account; the markets.xyz front end adds a 0.05% builder fee and also lists other deployers' markets, so check which venue an order goes to.

Key metrics

24h volume

$2.5M

Total value locked

n/a

Open interest

$9.5M

Share of tracked perp volume

<0.1%

Market cap

n/a

Maker / taker fee

0.003% / 0.0081%

Max leverage

25×

Trading pairs

Snapshot Oct 19, 2026 from public sources (the venue's own market API for volume and open interest, DefiLlama for TVL). Live values refresh in your browser where a source is available. Fields without a verifiable source show n/a.

The honest take

Pros

✓Non-custodial on Hyperliquid L1 with USDC collateral and Kaiko oracles

✓Very low growth-mode fees (0.003% / 0.0081%) and 24/7 trading of US500, USTECH, SMALL2000, USBOND and BVIV

✓Revenue sharing to kmHYPE holders and a mobile app with TradingView charts

Cons

✕Only five markets remain; single stocks, metals, FX and oil were delisted, and the June 2026 USDH migration force-settled every open position

✕The markets.xyz front end adds a 0.05% builder fee that erases most of the fee advantage; no exchange-level audit; US and Ontario barred

Security

No published security score or audit list is available for Markets by Kinetiq in our dataset yet.

AuditsNot available

At a glance

ChainsHyperliquid L1

IncentivesReferral 1–15% of referee fees depending on sKNTQ staked; revenue share to kmHYPE; no venue token (parent token KNTQ)

TypePerp DEX (HIP-3)

BackersKinetiq Research (Hyperliquid's largest liquid-staking protocol); kmHYPE stakers

Made your choice?

Start trading on Markets by Kinetiq

Non-custodial — connect your wallet and you stay in control of your funds. Leverage is high-risk; only trade what you can afford to lose.

Hyperliquid L1Perp DEX (HIP-3)

Open Markets by Kinetiq ↗ Visit markets.xyz Affiliate link · dexwatch may earn a commission at no extra cost to you.

Frequently asked about Markets by Kinetiq

Is Markets by Kinetiq safe to use?

There is no published dexwatch security score or audit list for Markets by Kinetiq in our dataset yet, so we mark that as not available. Like other decentralized exchanges it is non-custodial, meaning you keep control of your funds in your own wallet. Always do your own research before trading.

What are the trading fees on Markets by Kinetiq?

Markets by Kinetiq charges a maker fee of 0.003% and a taker fee of 0.0081%.

What is the maximum leverage on Markets by Kinetiq?

Markets by Kinetiq offers up to 25× leverage on supported markets. High leverage is extremely risky and can liquidate a position quickly — only trade what you can afford to lose.

Which blockchains does Markets by Kinetiq support?

Markets by Kinetiq operates on Hyperliquid L1.

Is Markets by Kinetiq good for beginners?

You trade from a Hyperliquid account; the markets.xyz front end adds a 0.05% builder fee and also lists other deployers' markets, so check which venue an order goes to.

Does Markets by Kinetiq have a token?

No. Markets by Kinetiq has no live token at the time of writing. We do not speculate on future token launches.

Compare with similar venues

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Learn before you trade

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What are perpetuals & perp DEXes?Module 7 · 7 min read → Leverage risk & liquidationModule 7 · 6 min read → The crypto wallet: your key to the DEXModule 2 · 6 min read → Phishing, fake sites & wallet drainersModule 5 · 7 min read →

Key terms

Perpetuals Funding rate Leverage Liquidation Margin

Figures are a dated snapshot from public sources — they move constantly and are for reference only, not financial advice. Updated Oct 19, 2026. Spotted an error? Tell us.