Phantom Wallet launches perpetual futures trading feature supported by Hyperliquid

On July 9, wallet #Phantom announced a new feature: support for trading perpetual futures (perps) directly within the Web3 wallet, powered by Hyperliquid's API.

Feature details and benefits

The Phantom Perps feature will initially be available to users in the European Union (EU), offering more than 100 trading markets for major tokens such as $BTC , $ETH , $SOL , along with memecoins like PEPE, DOGE. The interface is designed with a mobile-first approach, allowing users to easily open, close, and manage positions on their phones.

Phantom Perps allows leverage of up to 40x, along with the ability to set automatic stop-loss and take-profit orders, as well as receive notifications about trading orders. The integration of Hyperliquid's API ensures outstanding performance and high reliability, providing a smooth and secure trading experience.

This move reflects Phantom's ambition to transform the Web3 wallet into the primary gateway for users to engage in the crypto market. Phantom is a popular wallet on Solana, valued at over $3 billion, holding assets up to $25 billion, and has 10 million active users.