Phantom Launches Phantom Perps with 100+ Markets and 40x Leverage

Phantom, renowned for its Solana-based crypto wallet, has expanded its services by launching Phantom Perps, a new perpetual trading feature. This launch allows users to access over 100 trading markets with leverage options up to 40x, marking a significant evolution from a simple wallet to a comprehensive DeFi trading hub. The new feature is powered by HyperliquidX, a high-performance decentralized trading protocol, ensuring rapid execution and minimal slippage.

Phantom Perps offers a range of key features designed to provide traders with control, speed, and flexibility. These include a wide selection of assets, high leverage options, integration with HyperliquidX for smooth trading, and non-custodial trading, allowing users to maintain full control of their assets without relying on centralized platforms. These features position Phantom Perps as a strong competitor to established centralized exchanges while retaining the benefits of decentralization.

The launch of Phantom Perps is part of Phantom's broader vision to become a one-stop DeFi platform. By integrating both wallet functionality and advanced trading features, Phantom aims to serve a diverse user base, from new entrants to experienced traders. This move reflects the evolving role of wallets in the crypto space, transitioning from mere storage tools to gateways for a variety of financial services, including staking, swapping, and leveraged trading.

Phantom Perps is designed to streamline perpetual futures trading, making it more accessible and convenient. The integration of this feature directly into the wallet eliminates the need for additional setups or external platforms, enhancing user convenience and efficiency. This strategic move is part of Phantom's plan to expand its leverage tools and provide users with more sophisticated trading options.

With the launch of Phantom Perps, users can now trade Ethereum (ETH) perpetual contracts directly within the wallet application. This addition allows users to capitalize on market movements with greater flexibility, offering the potential for significant returns, albeit with increased risk. The mobile-first approach ensures that users can access their trading accounts and execute trades from anywhere at any time, further enhancing the platform's appeal.

The integration of HyperliquidX as the liquidity provider for Phantom Perps ensures that users have access to deep liquidity pools, minimizing slippage and improving trade execution. This partnership is a strategic move by Phantom to enhance the reliability and efficiency of its trading services, providing users with a more robust and secure trading environment.

In summary, the launch of Phantom Perps represents a significant milestone in the evolution of digital asset trading. By offering 100+ markets with up to 40x leverage and a mobile-first experience, Phantom is positioning itself as a leader in the digital wallet and trading space. The introduction of ETH perpetual contracts further expands the platform's capabilities, providing users with more opportunities to engage in the digital asset market. As the digital asset landscape continues to evolve, Phantom's innovative approach to trading is likely to attract more users and drive further growth in the industry.