Every market on Based, open 24/7
These markets do not close. Not at 4pm, not on weekends, not on holidays. Stocks, crypto, commodities, indices and FX side by side, each traded from a self-custodial wallet with no brokerage account and no bank account. Pick a name to see live pricing and how it works.
Memory
Semiconductors
AI Infrastructure
AI
Consumer Tech
Software
Internet
E-Commerce
Automotive
Robotics
Financials
Crypto
Aerospace
Commodities
Indices
FX
Deep dives: the memory stocks hub, how to buy SK Hynix from the US and SpaceX exposure before the IPO. New to this? Start with how broker-free trading works.
Frequently asked questions
- What is Based and how does trading work?
- Based is a self-custody wallet and trading interface that connects you to markets on Hyperliquid. The markets listed here are perpetual futures that provide price exposure to assets such as stocks, crypto, commodities and indices. You trade from a funded wallet rather than a brokerage account.
- Do I own shares when I trade stock markets on Based?
- No. Stock markets listed on Based are perpetual futures that track stock prices. A position gives you price exposure without ownership of the underlying shares, dividends or voting rights.
- How do crypto perpetuals work on Based?
- Crypto perpetuals are derivative contracts with no scheduled expiry date. You can go long or short on a crypto asset using margin, with leverage available depending on the market. Open positions may pay or receive funding and can be liquidated if their margin is insufficient.
- Can I trade stock perpetuals on weekends?
- Stock perpetual markets on Hyperliquid trade around the clock, including weekends, when the underlying stock exchanges may be closed. Liquidity and pricing can differ outside stock exchange hours, so review the market and order details before trading.
- What do I need to start trading on Based?
- Open Based on the web or in the mobile app, connect or create a wallet, and fund it with the collateral supported by your chosen market. Review the market's margin requirements, leverage, funding and liquidation price before confirming a position.
Start in three steps
- Step 1
Log in
Log in with your email or Google account. Based supports social logins for convenience, provided by Privy, a Stripe company. Wallets are self-custodial: only you have access to your funds. Neither Based nor Privy can access your wallet or account.
- Step 2
Fund it
Deposit USDC. You do not need a bank account to do it.
- Step 3
Trade 24/7
Stock and crypto perps. Nights, weekends, holidays.
Based is a self-custody wallet, not a broker. Markets are perpetual futures on Hyperliquid: derivatives with liquidation risk and funding fees, not the underlying stocks or coins.