Spot

Trading on Spot

Spot lets you buy and sell tokens, including crypto and tokenized stocks, on eleven networks, including Elysium, from the same app and the same cash you use for perps. The tokens you own are your holdings, and you hold them in your own wallet. Spot was called Tokens before November 2026.

What you can trade

The network badge on every token tells you which network it is on. The same ticker can exist on two networks at different prices, so a token is always listed with its badge and never merged with a lookalike. The details row on the token page names the exact underlying asset, so you can check what you hold.

Your cash: Perps, Spot and Elysium

Your cash shows as one total with balances under it, named for where the cash sits. Perps is USDC on Hyperliquid. Spot is USDC on Solana and the other token networks, shown as one figure. Elysium cash pays for Elysium tokens; see Elysium below.

To move cash between them, tap Transfer. A transfer is a bridge between networks: it takes seconds to a few minutes and shows as pending until it lands. If you start a buy and the cash is in the other balance, the app offers to transfer it as part of the trade.

Buying

Pick a token, enter an amount in dollars, and confirm. A buy is quoted, signed and confirmed on-chain, and shows as pending until it lands. If the price moves too far between the quote and the confirmation, the buy fails and your cash stays where it was.

Order types depend on the network: on Hyperliquid tokens you can place limit orders as you do for perps; on Solana you can place market and limit orders and set a take profit and stop loss; on the EVM networks tokens trade at market. Minimum and maximum trade sizes vary by network and show in the trade drawer.

You never need SOL, ETH, BNB or HYPE for gas. Network costs are included in the fee.

Selling

Sell shows the dollars you will actually receive after fees and slippage, not a list price. Proceeds from a Hyperliquid token go to Perps cash; proceeds from any other token go to Spot cash. Proceeds from an Elysium token stay in Elysium cash.

Withdrawing

You can send your Spot cash (USDC on Solana) and your holdings on Solana, Hyperliquid, Base, BNB Chain, Ethereum, HyperEVM and Robinhood Chain to an external wallet address. The minimum is $10, and you pay the network fee only. A first transfer to a new address can carry a one-time network cost: $1 on Hyperliquid for an address that has never been used, or a small Solana account fee when the receiving wallet does not yet hold that token. To withdraw a holding on another network, sell it to Spot cash first. Elysium holdings are sold to Elysium cash and transferred to Spot first. See How to deposit & withdraw funds.

Fees

Every spot buy and sell, including Elysium tokens, is charged 0.5% of trade size, with network costs included. See Fees & costs for the detail.

Verified badges and risk flags

Tokens on Solana and the EVM networks carry a verified badge and risk flags drawn from third-party token-security data, such as whether selling is restricted, whether the creator can mint or freeze, and how concentrated the holders are. A flag shows on the token page and as a warning in the trade drawer. A badge, or the absence of a flag, is information, not a recommendation, and does not mean a token is safe.

Tokens sent to your wallet

Anyone can send a token to a wallet address. Tokens you did not buy are hidden by default so that spam and airdrops do not clutter your holdings. Hiding a token in the app does not remove it from the network.

Elysium

Elysium is a network whose tokens you can buy and sell in the app. Elysium tokens appear in your Spot holdings, and Elysium cash shows next to Perps and Spot in the cash drawer and counts in your total.

To trade, first transfer cash into Elysium from Spot or Perps with Transfer. It arrives within minutes. After that, each buy or sell is one slide paid from Elysium cash, and sale proceeds stay in Elysium cash for your next trade. If you try to buy without enough Elysium cash, the app offers a transfer with the amount needed filled in.

The fee is the same 0.5% of trade size as other spot trades, network costs included, and you never need HYPE or any other gas token. Any cost for a transfer shows in the app before you confirm.

Transferring from Elysium back to Spot takes 7 days. While it waits it shows as pending in the cash drawer and in Activity with a countdown, and it still counts in your total. It then lands in Spot cash automatically and you get a notification; there is nothing to claim. Elysium cash can only be transferred to Spot, so to send it to an external wallet, transfer it to Spot first.

Descriptions, websites and X links on Elysium tokens come from the token’s creator and are not verified by Markets. Copy trading does not cover Elysium tokens yet.

FAQ

Do my tokens leave my wallet? No. Every buy and sell is an on-chain transaction from your own wallet, executed through a decentralized exchange. Markets never holds your tokens.

Why did my buy give me fewer tokens than the quote? Fast-moving tokens move between the quote and the confirmation, so the amount you receive can differ from the amount quoted.

Why can't I see a limit option on some tokens? Limit orders are available on Hyperliquid and Solana tokens. Tokens on the EVM networks trade at market.

Why is my Spot cash separate from my Perps cash? They sit on different networks. Transfer moves cash between them in a few seconds to a few minutes.

Can I withdraw my tokens? Yes. Spot cash and holdings on Solana, Hyperliquid, Base, BNB Chain, Ethereum, HyperEVM and Robinhood Chain, to an external wallet address, with a $10 minimum and the network fee only. Sell holdings on other networks to Spot cash first. Elysium holdings are sold to Elysium cash and transferred to Spot first.

Can I copy someone's token trades? Yes, for tokens on Hyperliquid: set a Spot allocation when you Auto copy a trader, and their token buys and sells are copied in proportion. See Copy trading.