diff --git a/freqtrade/exchange/hyperliquid.py b/freqtrade/exchange/hyperliquid.py
index 9dcc0e6a4e9..212505b7285 100644
--- a/freqtrade/exchange/hyperliquid.py
+++ b/freqtrade/exchange/hyperliquid.py
@@ -3,6 +3,7 @@
 import logging
 from copy import deepcopy
 from datetime import datetime
+from typing import Any
 
 from freqtrade.constants import BuySell
 from freqtrade.enums import MarginMode, TradingMode
@@ -56,6 +57,13 @@ def _ccxt_config(self) -> dict:
         config.update(super()._ccxt_config)
         return config
 
+    def market_is_tradable(self, market: dict[str, Any]) -> bool:
+        parent_check = super().market_is_tradable(market)
+
+        # Exclude hip3 markets for now - which have the format XYZ:GOOGL/USDT:USDT -
+        # and XYZ:GOOGL as base
+        return parent_check and ":" not in market["base"]
+
     def get_max_leverage(self, pair: str, stake_amount: float | None) -> float:
         # There are no leverage tiers
         if self.trading_mode == TradingMode.FUTURES: