Phantom wallet rolls out perpetual futures trading; here’s what we know

Phantom wallet has rolled out perpetual futures (perps) trading for users of all experience levels, powered by Hyperliquid.

In a blog post on 8 July, the team said the feature will help to democratize access to some of crypto’s most liquid and popular markets in the crypto industry. 

Perps trading for everyone

Phantom’s goal is to make perps trading available to users with all levels of trading experience, unlike what is currently obtainable.

Most perps platforms are designed for experienced traders, and so have only complex trading features. This makes it hard for beginners to navigate and use for trading.

With Phantom’s intuitive, mobile-first design, traders can easily open, close, and manage positions directly within their wallet apps. 

This doesn’t require any extra apps and has no confusing interfaces, but maintains high speed with easy control and high performance.

With this new feature, Phantom wallet users can access over 100 markets for top crypto assets like BTC, SOL, and ETH, as well as the hottest memes like PEPE, FARTCOIN, and DOGE with up to 40X leverage.

They can also open, close, and manage their positions directly in Phantom’s Home tab, alongside their tokens and collectibles without need for an extra app.

Also with Hyperliquid’s deep liquidity, users will enjoy speedy transaction settlement and proven reliability. The app also allows them to carry their trades with them anywhere they go. 

There’s a catch

The new feature is available only to Phantom users in selected jurisdictions. Specifically, the feature isn’t available for U.K users. 

The feature will be rolling out over the coming weeks, allowing traders to speculate over the future of their favorite crypto assets.

They will also enjoy regular trading features such as stop loss, take profit, and real-time alerts to stay on top of their trades.