TL;DR

Phantom’s new “Perps” tab brings 40× leveraged perpetual futures trading into its Solana wallet, no extra apps or order books are needed, just a few taps to access 100+ markets.
Powered by Hyperliquid’s zero-gas, ultra-low-latency Layer 2, trades settle on-chain instantly with SOL auto-converted to USDC, while Hyperliquid handles execution, risk, and liquidity.
Built-in safeguards, stop-loss/take-profit orders, isolated margins, clear funding rates, and liquidation levels, plus future education and social trading features aim to democratize crypto derivatives.

Phantom has unveiled an in-wallet perpetual futures feature that brings up to 40× leverage trading directly to its more than 15 million monthly users. By embedding advanced derivatives functionality into its sleek Solana-native wallet, Phantom eliminates the need to hop between platforms or wrestle with order books.

This launch marks a leap toward democratizing crypto derivatives, folding fast, gas-free perpetuals into the same intuitive interface used for NFTs and token swaps.

Seamless On-Chain Perpetual Trading for Wallet Users

Gone are the days of juggling multiple accounts to access crypto futures. Phantom’s new “Perps” tab lets users deposit SOL, which is instantly converted to USDC behind the scenes.

From there, traders can choose any of 100+ perpetual markets, ranging from BTC-USD and ETH-USD to SOL-USD and popular meme coins, set their leverage, and open positions in a few taps. The mobile-first design keeps complexity under the hood, presenting only essential controls and risk warnings to guide users.

Powered by Hyperliquid’s High-Speed Infrastructure

Under the hood, Hyperliquid handles order execution, risk management, and liquidity provisioning. Its Layer 2 protocol offers zero-gas fees and ultra-low latency, enabling real-time position matching across diverse markets. Phantom’s UI simply calls Hyperliquid’s engine, transforming the wallet into a full-blown derivatives trading venue. This partnership allows Phantom to focus on user experience, while Hyperliquid ensures trades settle securely and seamlessly on-chain.

Trading Options and Risk Management Features

Phantom’s perpetuals include built-in safeguards typically reserved for professional platforms. Users can set stop-loss and take-profit orders to automatically manage risk, and an opt-in disclaimer ensures only willing participants dive into leveraged trading.

Funding rates and liquidation thresholds are clearly displayed, and isolated margin across positions prevents a single loss from draining all wallet funds. These controls strive to balance accessibility with prudent risk awareness.

Democratizing Derivatives and Future Growth

By weaving perpetual futures into a self-custody wallet, Phantom expands derivatives access beyond institutional traders. This integration could pave the way for millions of retail users to experiment with hedging, speculation, and yield strategies, all from their preferred wallet app. Looking ahead, Phantom plans to layer in educational modules, social trading features, and broader asset support.

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Filed under: News - @ July 9, 2025 12:29 pm