Is trade.xyz custodial? Who holds your funds?
No. trade.xyz is listed as non-custodial: your funds stay in a wallet you control, not with the venue.
Checked 2026-10-20 · 3 sources- 3) require you to connect a non-custodial wallet and say XYZ Ltd has no custody of, access to or control over your keys or assets.
- Non-custodial does not mean risk-free. Smart-contract bugs, phishing and malicious approvals can still lose funds.
- We list 2 reported incidents for trade.xyz on its legit check.
Sources: trade[XYZ] Docs: Fees (growth-mode and standard HIP-3 fee tiers) · Hyperliquid Docs: Fees (HIP-3 deployer fee share, growth mode, fee formula with referral discount) · trade[XYZ] Docs: Relationship to Hyperliquid. The venue's own page wins if it disagrees with ours.
trade.xyz
Perp DEX · 0.018% round trip. trade.xyz deploys perpetual markets on Hyperliquid through HIP-3, covering US and Asian stocks, ETFs, equity indices, commodities, FX and pre-IPO companies, all margined and settled in USDC. Hyperliquid's own engine matches orders and holds positions; trade.xyz sets the market rules and price feeds and runs a web interface at app.trade.xyz.
Full trade.xyz sheet: fees, custody, incidents →