Phantom Wallet Launches Direct Perpetual Trading With Hyperliquid - Unchained

robot
Abstract generation in progress

Non-custodial crypto wallet Phantom has introduced direct perpetual futures trading within its wallet interface, powered by decentralized exchange and layer 1 blockchain Hyperliquid.

The integration allows users to access and trade over 100 crypto markets directly from the Phantom app, without the need for external exchanges or additional apps.

It also means users will have access to up to 40x leverage, with built-in risk management tools such as stop-loss and take-profit orders.


This story is an excerpt from the Unchained Daily newsletter.

Subscribe here to get these updates in your email for free


Users will first need to fund their perpetual futures balance with SOL, which will then automatically be converted into USDC on Hyperliquid. The gradual rollout will be made available to eligible users over the coming weeks, with users in the U.K. being barred entirely

“If just 10% of Phantom’s user base converts into Hyperliquid traders, that’s 1.5 million wallets entering the Hyperliquid ecosystem, which would nearly double the addressable user base for onchain perp trading overnight,” said pseudonymous onchain analyst JJ on X

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)