# Silhouette Adds Bitcoin and HYPE Perpetuals to RFQ Trading

By John Kim

Canonical URL: https://www.tokenpost.com/news/business/35024
Published: 2026-10-19T20:48:18.000Z
Updated: 2026-10-19T20:48:18.000Z
Section: Business

> Market makers quote the full requested size, and traders do not need to deposit funds with Silhouette.

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.

The perpetual contracts join Silhouette’s existing request-for-quote service for xStocks tokenized shares, which launched on HyperEVM in September 2026. Silhouette plans to extend the service to HIP-3 markets and spot trading on HyperCore.