Silhouette Adds Bitcoin and HYPE Perpetuals to RFQ Trading

Silhouette now lets traders seek competing quotes for perpetual contracts tied to Bitcoin (BTC) and Hyperliquid (HYPE) on HyperCore before their orders are matched on Hyperliquid’s order book. To request a price, a trader selects the market, a buy or sell direction, the order size and a price cap. Multiple market makers can each quote for the entire requested amount. The trader then picks a quote and signs the order. Once signed, Silhouette posts the market maker’s side to Hyperliquid’s order book and pairs it with the trader’s order. The transaction takes place in the trader’s Hyperliquid account, so there is no need to deposit funds with Silhouette. Traders can use the feature without applying for whitelist access.

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