- Phantom has launched perpetual futures trading within its wallet for EU users via HyperLiquid’s API.
- The feature offers up to 40x leverage, non-custodial trading, and tools like stop-loss, take-profit, and real-time alerts.
Phantom, Solana’s leading Web3 wallet, has rolled out a major update that allows users to trade perpetual futures directly within the wallet.
Announced on July 8, the feature will initially be available for users in the European Union and will integrate HyperLiquid’s API to deliver a seamless in-wallet trading experience.
Non-Custodial, High-Leverage Trading
The integration uses HyperLiquid’s permissionless infrastructure, enabling non-custodial trading positions, meaning users retain control of their assets.
Traders will have access to up to 40x leverage and can utilise advanced trading tools like stop-loss and take-profit settings. Real-time alerts and a streamlined, mobile-first interface aim to make the trading process intuitive for both new and experienced users.
Phantom’s move signals a broader shift in how users interact with on-chain financial products.
The company emphasised its belief that wallets, not centralised exchanges, will become the central access point for decentralised activity.
With the rise of features like perpetual trading being embedded directly into wallets, the Web3 ecosystem may see a decline in reliance on standalone exchanges.
Phantom's launch enters a market already heating up. Coinbase and Robinhood have recently disclosed plans to expand into perpetual futures trading, increasing the competition among platforms aiming to become the go-to destination for on-chain derivatives.
HyperLiquid initially launched as a high-performance, non-custodial platform focused on perpetual futures.
It now also operates the HyperEVM, an Ethereum-compatible network offering rapid settlement and deep liquidity.
Over the past 12 months, the platform has processed more than $1.6 trillion in perpetual futures trading volume.
Edited by Annette George
