Phantom Wallet Introduces 40x Leveraged Perpetual Futures Trading Powered by Hyperliquid

Phantom, a leading Web3 wallet provider, has officially launched "Phantom Perps," an in-wallet perpetual futures trading feature, allowing users to engage in leveraged crypto trading directly from their mobile devices. Powered by HyperliquidX, this new offering provides access to over 100 markets with up to 40x leverage, marking a significant step in democratizing access to advanced derivatives trading. The announcement, made via the Phantom official X account, highlights the ease of use, stating, > "Go long or short in just a few taps. 100+ markets. Up to 40x leverage. All in your pocket."

The new "Perps" tab within the Phantom wallet simplifies the trading experience, eliminating the need for users to navigate multiple applications or complex interfaces. It supports a wide range of assets, including major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Solana (SOL), as well as various meme tokens. Users can fund their trading balance with SOL, which is automatically converted to USDC on Hyperliquid, ensuring a seamless process from deposit to trade execution.

Hyperliquid serves as the underlying infrastructure for Phantom Perps, providing deep liquidity, high-speed transaction settlement, and a zero-gas fee environment. This partnership leverages Hyperliquid's robust Layer 2 protocol, allowing Phantom to focus on delivering a user-friendly, mobile-first experience without compromising on performance or security. Hyperliquid's "builder codes" also enable Phantom to integrate this functionality permissionlessly while retaining non-custodial control over user assets.

This launch aligns with Phantom's strategic vision that Web3 wallets will evolve into primary gateways for on-chain activity, shifting control from centralized exchanges to individual users. With over 15 million monthly active users, Phantom's integration of perpetual futures is poised to significantly expand the addressable market for on-chain derivatives. The company has also been actively expanding its multi-chain support, including Ethereum, Polygon, Bitcoin, Base, and Sui, further solidifying its position in the broader crypto ecosystem.

While offering amplified potential gains, leveraged trading inherently carries significant risks, including liquidation. Phantom Perps incorporates essential risk management tools such as stop-loss and take-profit orders, and clear displays of funding rates and liquidation thresholds. The service is being rolled out gradually, initially available to users in the European Union, with regional restrictions in place, notably not intended for UK audiences.