TON perps: long or short Toncoin from a self-custodial wallet
A TON perpetual tracks the price of Toncoin through an oracle and settles in USDC. A perp is a derivative on the price. You never hold the coin itself, and there is nothing to withdraw to a chain wallet when you close. As of September 2026 this market is carried by Hyperliquid in our catalog, and the order ticket is the same one you use for every other market in the app.
- Live product data
- Self-custodial
- Human confirmed
Where a TON order goes
TON is carried by Hyperliquid in our catalog. Orders route there, margin is posted in USDC from your own wallet, and the position shows up in the same portfolio view as everything else you hold.
- Listed on: Hyperliquid
What you are actually holding
A perp is a derivative on the price. You never hold the coin itself, and there is nothing to withdraw to a chain wallet when you close.
When this market is open
Crypto perps never close. There are no exchange hours, no weekend gap and no reopen auction, so a position can be opened or closed at any hour.
Custody stays with you
Margin sits in a self-custodial embedded wallet, keys stay on your device, and Hypertradeworx never takes possession of your funds. Signing happens on your side for every order, which is also why the app can route to several venues without you holding an account at any of them.
Frequently asked questions
- Do I own Toncoin when I trade this market?
- A perp is a derivative on the price. You never hold the coin itself, and there is nothing to withdraw to a chain wallet when you close.
- Which venue fills a TON order?
- Hyperliquid. Hypertradeworx routes the order there and shows the position next to the rest of your book.
- Can I short TON?
- Yes. Long and short are symmetric on a perpetual: the same ticket, the same margin either way, and no borrow to locate. That symmetry is the main practical reason to use a perp rather than buying the underlying.
- Do I need an account or KYC with the venue?
- No venue account. You trade from a self-custodial wallet funded with USDC. Whether the product is available to you, and any obligations that follow, depend on your jurisdiction and are yours to check.
Take the next step in Hypertradeworx
Move from reference to the live product when you are ready.
Hypertradeworx is an independent trading terminal and is not built, operated or endorsed by any venue it routes to, or by the issuer of any asset named here. Nothing on this page is investment advice, and perpetual futures can lose more than your initial margin.