Phantom Wallet Adds Perpetual Contract Trading With 40x Leverage

Phantom Wallet, a leading digital asset wallet, has announced the introduction of perpetual contract trading functionality within its platform. This new feature, powered by Hyperliquid, allows users to trade perpetual contracts directly from their Web3 wallet, initially targeting customers in the European Union. The integration leverages Hyperliquid's API, enabling users to access a wide range of crypto markets while maintaining non-custodial control over their positions. This means users retain full ownership and control of their assets throughout the trading process, a key concern for many in the crypto community.

The new functionality offers an intuitive user experience, extending Phantom's core interface to include advanced trading features such as up to 40x leverage, stop-loss, take-profit, and real-time alerts. This makes it easier for users to engage in complex trading strategies without the need to switch between different platforms. The supported assets include major cryptocurrencies like Bitcoin, SOL, and ETH, as well as various meme tokens, providing a diverse range of trading opportunities.

This development is significant as it democratizes access to some of the most liquid and popular markets in the crypto space. By integrating perpetual contract trading directly into the wallet, Phantom is streamlining the trading process and enhancing user satisfaction. The non-custodial nature of the trading experience is particularly appealing to crypto enthusiasts who prioritize security and control over their digital holdings.

Phantom's move to introduce this feature aligns with its broader strategy to enhance the functionality and usability of its wallet. By leveraging Hyperliquid's technology, Phantom is able to offer a seamless and efficient trading experience that is integrated directly into the wallet. This not only improves the user experience but also positions Phantom as a leading innovator in the digital asset space. The launch of this feature is likely to attract a wider range of users to the platform, further solidifying Phantom's position as a prominent player in the industry.