Phantom Wallet has partnered with decentralized futures exchange Hyperliquid to roll out perpetual futures trading directly within its app. The move marks a significant step in making advanced crypto tools more accessible to everyday users.
Brings Futures Trading to Phantom’s Users
The integration allows Phantom’s 15 million monthly active users to trade over 100 crypto markets, including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and popular meme coins like Dogecoin (DOGE) and PEPE
Crucially, users can open leveraged long or short positions without owning the underlying assets, all from a streamlined, mobile-first interface.
The platform also includes built-in risk management tools like stop-loss and take-profit orders, alongside an automatic SOL-to-USDC conversion feature that simplifies transactions.
The move comes as Hyperliquid cements its position as a rising force in decentralized finance. The exchange has grown from $1 billion in trading volume in mid-2023 to over $250 billion by May 2025, capturing 70% of the decentralized perpetuals market and attracting over 20,000 daily users.
On the Flipside
- Leveraged futures trading amplifies both gains and losses, which may lead inexperienced users to take on risks they don’t fully understand.
Why This Matters
By embedding pro-level trading capabilities into a user-friendly wallet, Phantom and Hyperliquid are narrowing the gap between institutional-grade tools and retail accessibility, reflecting a broader shift in the crypto industry toward making complex financial products more accessible and user-friendly.
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People Also Ask:
Do I need to own crypto to trade futures on Phantom? No, users can open long or short positions on over 100 markets without holding the underlying assets.
Is leveraged futures trading risky? Yes. Leveraged trading can amplify gains but also magnify losses. Built-in risk controls help, but users should proceed with caution.
How is Hyperliquid involved? Hyperliquid powers the backend with its high-speed, on-chain order book, providing liquidity and infrastructure for Phantom’s trading feature.
What risk tools are available to traders? Built-in features include stop-loss and take-profit orders, as well as automatic conversion from SOL to USDC for seamless execution.
What are perpetual futures? Perpetual futures are a type of futures contract with no expiration date, allowing traders to hold positions indefinitely, commonly used in crypto markets.
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