Phantom puts perps in traders’ pockets as mobile-first derivatives go live
Main Idea
Phantom wallet introduces a perpetual futures trading feature powered by Hyperliquid, aiming to simplify crypto derivatives trading for retail users, though it raises concerns about accessibility and regulatory risks.
Key Points
1. Phantom wallet now offers perpetual futures trading with over 100 markets, including Bitcoin, Ethereum, and meme coins, via Hyperliquid's infrastructure.
2. Derivatives account for nearly 75% of all crypto trading volume, but retail adoption remains limited due to complexity.
3. The feature allows users to trade directly from their wallet with SOL (converted to USDC), eliminating the need for bridging assets or separate exchange accounts.
4. Phantom warns that the feature is not available in the U.K. due to FCA restrictions, and other strict jurisdictions may follow.
5. The ease of access could increase retail participation but also heighten risks in leveraged markets.
Description
Perpetual futures see over $100 billion in daily trading volume, yet most platforms still cater to pros. Phantom’s mobile-first approach could be the bridge or the breaking point for retail adoption. On July 8, Phantom, the crypto wallet best known for its seamless Solana and Ethereum integrations, rolled out perpetual futures trading directly within its app. Introducing: Phantom Perps Go long or short in just a few taps. 100+ markets. Up to 40x leverage. All in your pocket. Powered by @Hyperl...
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