Hyperliquid says portfolio margin has been live for six months and is now in beta with increased limits for users below $25M in account value. Eligible accounts can use BTC and HYPE as collateral to trade perps, spot, and outcome markets, giving active traders more capital efficiency across the venue. The key change is access: portfolio margin is moving beyond a quiet rollout into a broader beta with explicit borrow, supply, and account requirement docs.

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