SPOT

Spotify Technology S.A. Price

SPOT
$483,18
-$1,30(-%0,26)

*Data last updated: 2026-04-08 10:55 (UTC+8)

As of 2026-04-08 10:55, Spotify Technology S.A. (SPOT) is priced at $483,18, with a total market cap of $99,47B, a P/E ratio of 45,89, and a dividend yield of %0,00. Today, the stock price fluctuated between $476,40 and $488,96. The current price is %1,42 above the day's low and %1,18 below the day's high, with a trading volume of 942,24K. Over the past 52 weeks, SPOT has traded between $405,00 to $785,00, and the current price is -%38,44 away from the 52-week high.

SPOT Key Stats

Yesterday's Close$484,48
Market Cap$99,47B
Volume942,24K
P/E Ratio45,89
Dividend Yield (TTM)%0,00
Diluted EPS (TTM)10,74
Net Income (FY)$2,21B
Revenue (FY)$17,18B
Earnings Date2026-04-28
EPS Estimate3,44
Revenue Estimate$5,22B
Shares Outstanding205,32M
Beta (1Y)1.702

About SPOT

Spotify Technology S.A., together with its subsidiaries, provides audio streaming services worldwide. It operates through Premium and Ad-Supported segments. The Premium segment offers unlimited online and offline streaming access to its catalog of music and podcasts without commercial breaks to its subscribers. The Ad-Supported segment provides on-demand online access to its catalog of music and unlimited online access to the catalog of podcasts to its subscribers on their computers, tablets, and compatible mobile devices. The company also offers sales, marketing, contract research and development, and customer support services. As of December 31, 2021, its platform included 406 million monthly active users and 180 million premium subscribers in 184 countries and territories. The company was incorporated in 2006 and is based in Luxembourg, Luxembourg.
SectorCommunication Services
IndustryInternet Content & Information
CEOAlex Norström
HeadquartersLuxembourg City,None,LU
Official Websitehttps://www.spotify.com
Employees (FY)7,00K
Average Revenue (1Y)$2,45M
Net Income per Employee$316,00K

Learn More about Spotify Technology S.A. (SPOT)

Gate Learn Articles

What is Spot Trading?

Spot trading refers to the direct trading of spot assets, where the delivery of assets is completed in a timely manner after the transaction is done, with the buyer receiving the spot assets and the seller receiving the corresponding currency.

2022-11-21

Contracts and Spot Trading

This article explores the differences and applicable situations between futures trading and spot trading. Futures trading is a financial instrument that allows investors to trade based on the future price trend of assets. It has the characteristics of leverage, long and short positions, and high risk and high returns. Spot trading, on the other hand, is a trading method for immediate buying and selling of assets. Its characteristics include immediate delivery, no leverage, and asset ownership. The article compares the operation methods, risks and rewards, investment strategies, and advantages and disadvantages of the two, and provides guidance on how to choose the appropriate trading method based on personal risk tolerance, investment goals, and market knowledge. It emphasizes that regardless of the chosen method, mastering the basic knowledge and investing prudently are crucial.

2025-01-30

Long-Term Impact of Hong Kong Crypto Spot ETFs

The Securities and Futures Commission of Hong Kong has officially announced the list of approved virtual asset spot ETFs, including Huaxia (Hong Kong), CSOP International, Bosera International's Bitcoin spot ETF, and Ethereum spot ETF. These six Hong Kong spot ETFs have obtained a decent initial scale through subscription, but their trading volume on the first day was far smaller than their counterparts in the United States. SoSoValue researcher Tom Analysis provided analysis based on supply and demand dynamics.

2024-05-12

Spotify Technology S.A. (SPOT) FAQ

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Spotify Technology S.A. (SPOT) is currently trading at $483,18, with a 24h change of -%0,26. The 52-week trading range is $405,00–$785,00.

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Risk Warning

The stock market involves a high level of risk and price volatility. The value of your investment may increase or decrease, and you may not recover the full amount invested. Past performance is not a reliable indicator of future results. Before making any investment decisions, you should carefully assess your investment experience, financial situation, investment objectives, and risk tolerance, and conduct your own research. Where appropriate, consult an independent financial adviser.

Disclaimer

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Other Trading Markets

Spotify Technology S.A. (SPOT) Latest News

2026-04-08 10:26

Rakuten Wallet will list Shiba Inu (SHIB) spot trading on April 15

Gate News Message: Japan’s Rakuten Wallet has announced that it will launch Shiba Inu (SHIB) spot trading on April 15, 2026, meaning that users in Japan will be able to buy, sell, and trade SHIB directly using the yen. This integration marks SHIB’s further mainstream recognition in one of the world’s most tightly regulated cryptocurrency markets, and expands its user base and influence in Japan. Rakuten Wallet also plans to launch other digital assets at the same time, including Dogecoin, XRP, Stellar, and Toncoin, allowing users to exchange and trade them within the same platform. As part of Rakuten Group, a major Japanese technology and e-commerce company, the wallet connects millions of users, and its ecosystem spans online shopping, digital payments, and banking services—bringing more potential investors and use cases for SHIB. Previously, SHIB was already included in the “green list” by the Japan Virtual and Crypto Assets Exchange Association (JVA), confirming its status as a qualified asset under the regulatory framework. This recognition is on par with established cryptocurrencies such as Bitcoin and Ethereum, and it also lays the groundwork for potential future adjustments to tax rates. Japan’s Financial Services Agency is reviewing related reforms, including reducing the tax rate for “green list” assets from 55% to 20%, to create a more favorable environment for the compliant development of digital assets. This rollout not only strengthens SHIB’s regulatory standing in the Japanese market, but also connects its digital ecosystem with Rakuten Group’s large user base, enhancing its potential for real-world application scenarios such as payments, trading, and digital incentives. With more institutions and individuals getting involved, the Japanese market is expected to become an important driver of SHIB’s expansion and adoption, further validating its long-term development prospects in Asia’s digital asset market.

2026-04-08 03:31

Yesterday, the Ethereum spot ETF saw net outflows of $64.61 million, with Fidelity and BlackRock as the main outflow sources.

Gate News message. On April 8, according to monitoring by Trader T, yesterday (April 7), Ethereum spot ETFs recorded net outflows of $64.61 million. Of these, Fidelity FETH recorded outflows of $48.21 million, and BlackRock ETHA recorded outflows of $16.39 million—together, they accounted for all of the total outflow. The remaining institutions had no fund flow that day.

2026-04-08 03:31

Yesterday, Bitcoin spot ETF net outflows totaled $159.4 million, with Fidelity accounting for the largest outflow.

Gate News message, on April 8, according to Trader T’s monitoring, yesterday (April 7) spot Bitcoin ETFs saw net outflows of $159.4 million. The main outflow firms included Fidelity (FBTC) with an outflow of $47.85 million, Grayscale (GBTC) with an outflow of $41.89 million, Ark (ARKB) with an outflow of $34.15 million, VanEck (HODL) with an outflow of $20.37 million, and BlackRock (IBIT) with an outflow of $17.50 million. Valkyrie (BRRR) was the only institution with net inflows for the day, recording a $2.32 million inflow.

2026-04-08 01:34

Yesterday, the U.S. SOL spot ETF had net outflows of $15.4020 million

Gate News message. April 8. According to SoSoValue data, yesterday (U.S. Eastern Time, April 7) the SOL spot ETF recorded a total net outflow of $15.40 million. Among them, the Bitwise Solana Staking ETF (BSOL) had a net outflow of $13.34 million, with historical total net inflows reaching $779 million; the Grayscale Solana Trust (GSOL) had a net outflow of $1.82 million, with historical total net inflows reaching $104 million. As of the time of writing, the SOL spot ETF’s total net asset value was $776 million, the SOL net asset ratio was 1.65%, and historical cumulative net inflows have already reached $965 million.

2026-04-08 01:01

Yesterday, U.S. spot XRP ETF recorded a total net inflow of $3.3202 million ($332.02 million) in a single day.

Gate News update: On April 8, according to SoSoValue data, yesterday (April 7 in U.S. Eastern Time) the XRP spot ETF saw a total net inflow of $3.3202 million. The Bitwise XRP ETF (XRP) had the largest net inflow yesterday, with a single-day net inflow of $1.9005 million; its historical total net inflow is currently $380 million. Next was the Franklin XRP ETF (XRPZ), with a single-day net inflow of $1.4197 million; its historical total net inflow is currently $323 million. As of the time of writing, the total net asset value of the XRP spot ETFs was $922 million, the XRP net asset ratio was 1.14%, and historical cumulative net inflows have reached $1.21B.

Hot Posts About Spotify Technology S.A. (SPOT)

GateBlog

GateBlog

13 minutes ago
Hyperliquid, a decentralized perpetual futures trading platform, delivered an eye-catching performance report in March 2026: monthly trading volume nearly hit $200 billion, accounting for close to 6% of the global perpetual futures market share, almost doubling from the 3.5% a year earlier. At the same time, the platform’s native token HYPE is caught in a fierce tug-of-war between “a deflationary underlying setup” and “monthly unlock sell-pressure.” At this pivotal juncture, Hyperliquid is not content with leading the perpetual futures DEX space. On February 2, 2026, the team announced that it would deploy the HIP-4 protocol to the testnet, officially moving into prediction markets and results trading. This move means Hyperliquid is about to become the first platform in the crypto world to offer three categories of trading products—spot, perpetual futures, and prediction markets—on a single execution layer. ![](https://img-cdn.gateio.im/social/moments-1f9da98749d21c53f44ae5ee4e7d49ff) ## HIP-4: What the Testnet Launch Reveals About the Next-Gen Results Trading Protocol On February 2, 2026, the Hyperliquid team announced an upgrade to the HyperCore engine, adding support for the HIP-4 protocol for “results trading.” This feature has already gone live on the testnet, and the mainnet launch timeline has not yet been announced. The core design of HIP-4 is to turn “the outcome itself” into a standardized, tradeable asset. This means that judgments like whether “a certain event will happen” or whether “a certain price will reach a specific level at a particular time point” can enter Hyperliquid’s trading system in the form of standardized assets. In terms of product form, HIP-4 is a kind of fully collateralized, fixed-interval settlement contract—no leverage, no margin clawbacks, and no liquidation risk—suitable for prediction markets and option-like products. Technically, HIP-4 uses a two-layer architecture: trading happens on the HyperCore layer, which handles high-frequency matching; custody of funds, prize-pool management, and part of the settlement process occur on the HyperEVM layer, which is responsible for dealing with more complex contract logic in prediction markets. This design continues the technical roadmap Hyperliquid has followed since HIP-3—using a high-performance, self-built application chain to unify the execution environments of various financial trading types. ## From Perpetual Futures to Results Trading: Why HIP-4 Is the Natural Extension of HIP-3 To understand the strategic significance of HIP-4, it helps to trace Hyperliquid’s product iteration path. HIP-3 launched in October 2025 and allows permissionless builders to deploy perpetual futures markets on the platform. Since its launch, perpetual futures trading volume on HIP-3 has accounted for more than 35% of the platform’s total. On March 24, 2026, Hyperliquid’s single-day perpetual futures trading volume hit a record high of $5.4 billion, with commodities serving as the main growth engine. The key technological leap from HIP-3 to HIP-4 lies in solving a fundamental problem: why the perpetual futures engine can’t directly support prediction markets. The core of perpetual futures is tracking an asset’s price movement, which requires continuous, smooth price curves. But the outcomes in prediction markets are non-continuous—events have only two possible results: “happens” or “doesn’t happen.” When the outcome is revealed, the price jumps from the middle range to either 0 or 1. This “price jump” characteristic is completely incompatible with perpetual futures funding rates and liquidation mechanisms. HIP-4, through its fully collateralized, fixed-interval design, works around these obstacles so that outcome contracts can run on the same execution layer—HyperCore. This positioning distinguishes Hyperliquid from any existing competitors. At present, the main players in prediction markets—Polymarket and Kalshi—run on separate systems and therefore can’t share margin with users’ derivatives accounts. HIP-4, however, natively places outcome contracts on HyperCore, using the same matching engine and margin accounts. That means users’ BTC perpetual futures long positions and the binary “yes” positions tied to interest rate cuts can be recognized as related risk exposures by the cross-margin system and netted accordingly. Based on available data, the efficiency improvement of cross-margin versus standard cross-margin has already exceeded 30%. Once outcome contracts are included in the netting calculation scope, the effect should be even more additive. ## Data Perspective: Trading Volume Approaching $200B and Quantitative Scenarios for the HYPE Buyback Flywheel ### Platform Trading Volume and Market Share As of March 2026, Hyperliquid’s monthly perpetual futures trading volume has approached $200 billion, accounting for close to 6% of the global perpetual futures market’s total share. Looking specifically at the DEX perpetual futures segment, over the past 30 days Hyperliquid recorded about $185.5 billion in trading volume, roughly 34% of the total trading volume of the top ten platforms—placing it in an absolute leading position among DEXs. Notably, this share growth occurred against the backdrop of a contraction in total market trading volume. On-chain perpetual futures DEX monthly trading volume has fallen for five consecutive months since the October 2025 peak of $1.36 trillion, dropping to $699 billion in March 2026. Hyperliquid’s growth against the trend suggests its market share is not driven by industry-wide expansion, but rather by truly winning users and liquidity away from centralized exchanges. Large traders on the platform hold around $3.4 billion in notional principal positions, with a long-to-short ratio of close to 1.04, indicating a balanced state. ### HYPE Token Market Data (As of April 8, 2026) According to Gate market data, HYPE’s current price is about $39.38, with a 9.23% gain over the past 24 hours and $14.14 million in 24-hour trading volume. HYPE’s all-time high price was $59.4; the current price is down about 34% from that peak. Its circulating market cap is about $9.38 billion, and its fully diluted market cap is about $37.9 billion. The ratio of market cap to fully diluted market cap is about 23.84%, indicating that a large portion of tokens remains locked. The circulating supply is 238.38 million HYPE, total supply is 962.27 million HYPE, and the maximum supply is 1 billion. Over the past year, HYPE’s cumulative price increase has been about 242.4%, and its increase over the past 30 days has been about 26%. ### Quantitative Estimates of the Buyback-and-Burn Mechanism At the core of HYPE’s tokenomics model is the “buyback-and-burn” mechanism. The protocol uses the vast majority of its fee revenue (about 97%) to buy back and burn HYPE on the open market. For example, on April 2, HyperCore repurchased and burned about 49,360 HYPE at an average buyback price of $35.09. After distributing about 26,665 HYPE to stakers and validator nodes, the circulating supply still achieved a net reduction of about 17,075 HYPE. The annualized deflation rate is about 6.15 million HYPE, equivalent to removing about 512k HYPE from circulation each month. This mechanism creates a positive feedback loop: platform trading volume growth → fee revenue increase → larger buyback scale → reduced circulating supply → token value appreciation → attracting more users. According to publicly available data, Hyperliquid protocol revenue has surpassed $993 million, providing solid fundamental support for the buyback flywheel. ### Unlock Supply and Sell Pressure Counterbalancing the buyback and deflation is the team’s monthly token unlocks. Around the 6th of each month, roughly 9.92 million HYPE (estimated value of about $350 to $370 million at current prices) are unlocked to core contributors. This monthly unlock amount is far larger than the protocol’s buyback-and-burn scale, making it the most prominent short-term supply pressure in the market. It’s worth noting that although the team has actively cut 90% of the unlock amount, potential sell orders worth hundreds of millions of dollars may still impact short-term liquidity. However, based on historical data, actual sell behavior on unlock days varies by whale address—some choose to sell out and transfer, while others choose to buy immediately after the unlock to build positions, leading to clear divergence between long and short perspectives. ### Structural Comparison with Prediction Market Competitors | Comparison Dimension | Hyperliquid HIP-4 | Polymarket | Kalshi | | --- | --- | --- | --- | | Core Infrastructure | Self-built L1 application chain, double-layer | Polygon on-chain contracts | A compliant platform regulated by the U.S. CFTC | | Margin Sharing | Shares cross-margin with perpetual futures | Isolated positions | Isolated positions | | Capital Efficiency | Cross-margin efficiency improvement of over 30% | Each $ of position is in isolation | Each $ of position is in isolation | | Core User Profile | Professional leveraged traders | Event speculators | Compliance-sensitive users | | Regulatory Positioning | Decentralized, permissionless | Decentralized, with geographic blocking | Centralized, strict compliance | ## Clashing Views: A Real Fight Between Breakthrough Capital Efficiency and the Income Contribution Ceiling ### Mainstream Bull Logic: Structural Efficiency Advantages and User Overlap Dividends Bullish voices in the market mainly focus on two points. First, HIP-4’s capital efficiency advantage is seen as a “structural rather than incremental” breakthrough. On Polymarket or Kalshi, every $ is trapped in an isolated position and can’t do cross-margining, resulting in very low capital efficiency. HIP-4, however, makes outcome contracts and perpetual futures share the same margin account. The netting function of the cross-margin system can recognize related risk exposures and reduce the total margin requirement. Second, there is significant user overlap between Hyperliquid and Polymarket. A study of nearly 15,000 Polymarket active addresses found that among top traders, there is a group of users also active on Hyperliquid. These overlapping users contribute about $1.43 billion in trading volume on Polymarket and manage about $189 million in contract positions on Hyperliquid. On Hyperliquid, these addresses average about 7x leverage, which theoretically corresponds to more than $120 million in additional trading capacity. Once HIP-4 goes live on mainnet, this liquidity is expected to migrate and scale within the same platform. ### Conservative Voices: Limited Revenue Upside and an Uncertain Timeline Conservative views are also worth paying attention to. Some analysis has simulated HIP-4’s actual revenue contribution: assuming Hyperliquid can capture 20% to 70% of prediction market trading volume, and using a fee rate of 3 to 4 basis points, the monthly revenue increment would be about $1.6 million to $5.8 million—roughly 2% to 7% of Hyperliquid’s current total revenue. While this increment can bring new capital inflow into HYPE buybacks, it still isn’t enough to trigger a full re-rating of the protocol by the market. In addition, the HIP-4 mainnet launch time is still not clearly announced. The official wording is “mainnet will be launched after technical development is completed.” In the crypto industry, mainnet delays are a common risk variable. The time gap between market expectations and actual delivery may impact short-term price performance. ### Coexistence of Extreme Optimism and Risk Warnings Arthur Hayes, co-founder of BitMEX, has recently publicly stated that, based on Hyperliquid’s aggressive 97% revenue buyback mechanism and its expansion into new tracks like commodities and prediction markets, HYPE could reach a target price of $150 in August 2026. It should be made clear that this is a third-party individual view and is not based on a verifiable quantitative model. Market participants should evaluate independently. Meanwhile, research firm Weiss Crypto points out that HYPE faces risks across three dimensions: token supply, market competition, and regulation. A high fully diluted valuation implies that the release of 75% of tokens in the future will create ongoing long-term inflation pressure. ## Reshaping the Landscape: How a Single Execution-Layer Model Could Rewrite DEX and Prediction Market Rules ### Impact on the DEX Track Hyperliquid integrates spot, perpetual futures, and prediction markets through a self-built L1 application chain approach, creating a new “financial infrastructure” paradigm. This paradigm differs structurally from DEX applications on mainstream public chains: Hyperliquid controls the full stack from the consensus layer to the execution layer, enabling higher throughput, lower latency, and more unified margin management. If HIP-4 verifies the model of “single execution layer + multiple financial products,” other DEX platforms may be forced to follow with similar technical upgrades; otherwise, they will be at a disadvantage in both capital efficiency and product matrix dimensions. ### Impact on the Prediction Market Track In January 2026, the entire prediction market’s monthly trading volume was about $23 billion, while Hyperliquid’s monthly perpetual futures trading volume had already reached $225 billion—nearly an order of magnitude difference. Hyperliquid only needs to route a very small portion of its own traffic to HIP-4 to create significant influence in the prediction market space. More importantly, HIP-4 could change the user composition of prediction markets. Traditional Polymarket users are more like “event speculators,” focusing on long-cycle events such as elections and policy decisions. By contrast, Hyperliquid’s roughly 231k weekly active traders think primarily in terms of delta, correlation, and cross-asset hedging—typical professional leveraged traders. When this cohort starts participating in outcome trading at scale, prediction market liquidity and pricing efficiency could undergo a qualitative shift. ### Potential for Penetration into Traditional Finance HIP-4’s bigger room for imagination lies in structural penetration into traditional finance. Community members have already outlined several potential new product directions: - **Weekend gap options**: Traditional markets have a long overnight window between Friday’s close and Sunday’s open. HIP-4 could turn this gap directly into weekend gap options, allowing traders holding crude oil, silver, or stock-related positions to hedge using the difference between Friday’s closing price and Sunday’s opening price. - **Hedging pricing deviations between inside and outside**: Compensate for the maximum divergence between Hyperliquid’s internal pricing and external oracle prices to hedge liquidation risks. - **Funding rate options**: Let traders hedge negative funding rates. These tools target exactly the structural inefficiencies that have long existed in traditional financial markets—settlement delays, trading session restrictions, and fragmented capital across markets. The 24/7 trading nature of decentralized settings conveniently provides the technical foundation to solve these problems. ## Conclusion HIP-4’s significance is not whether it can overturn Polymarket’s leading position in prediction markets in the short term. Rather, it lies in validating an entirely new financial infrastructure logic: integrating spot, derivatives, and prediction markets into the same execution layer, and maximizing cross-product capital efficiency through a cross-margin system. If this logic is proven, it would not only change the competitive landscape in the DEX track, but could also have a deep impact on the fragmented structure of traditional finance. At the same time, however, the uncertain mainnet timeline, the supply pressure from monthly unlocks, and structural constraints from a high fully diluted valuation are real constraints that cannot be ignored. Hyperliquid’s ambitious vision is unfolding step by step, and HIP-4 is the latest—and most imaginative—stroke in that picture. For market participants, staying continuously focused on technical progress and on-chain data is more important than relying on any price prediction.
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