Phantom Challenges Centralized Exchanges with DeFi-Powered Trading Hub

Phantom, the leading Web3 wallet, has launched a professional-grade trading platform designed to streamline on-chain transactions and cater to advanced crypto traders. The web-based tool, now in beta, integrates real-time market data, TradingView charts, and cross-device syncing, enabling users to manage positions seamlessly across mobile and desktop environments. The platform supports trading on Solana tokens and Hyperliquid perpetual contracts, with plans to expand to additional blockchains according to the report.

Phantom Terminal's launch marks a strategic expansion beyond its core wallet functionality, positioning the company as a competitor to centralized exchanges while maintaining non-custodial control over assets. The platform's minimalist design aligns with Phantom's user-friendly reputation but introduces features like limit orders, stop-loss triggers, and advanced portfolio analytics to appeal to institutional and active traders. Notably, the tool allows for instant execution of trades via auto-approval mechanisms for connected wallets, reducing friction during high-volume trading sessions.

A key differentiator is the integration of leveraged trading on over 100 markets with up to 40x leverage. Users can bridge Solana assets to Hyperliquid's USDC-based system to fund positions, with real-time tracking of funding rates and liquidation thresholds. For spot trading, Phantom Terminal provides granular metrics such as token holder distribution, liquidity pool activity, and MEV risk indicators. The platform also introduces a "Quick Buy" feature for rapid entry into trending tokens or newly launched projects.

Phantom's move into professional trading aligns with broader industry trends toward Web3-native tools. The platform's beta phase has already attracted attention for its speed and seamless continuity with the Phantom ecosystem. Users can connect via Phantom Wallet, Google, or Apple accounts, with auto-approval capabilities for streamlined trading. The company plans to expand support for Ethereum and other chains while enhancing DeFi protocol integrations.

Analysts highlight Phantom Terminal's potential to disrupt traditional trading paradigms by combining the accessibility of decentralized finance (DeFi) with the precision of institutional-grade tools. The platform's emphasis on cross-device synchronization and real-time data analysis addresses a key pain point for traders juggling multiple interfaces. However, challenges remain, including limited multi-chain support and regulatory uncertainties in jurisdictions like the UK.

Phantom's expansion into trading follows its recent acquisition of SolSniper, a memecoin trading terminal, and the launch of a US dollar-pegged stablecoin, CASH. These moves underscore the company's ambition to create a unified financial ecosystem for Web3 users.