Phantom has seamlessly integrated perpetual contract trading directly into its mobile wallet through Hyperliquid, offering over 100 markets and leverage up to 20x.
Features include long/short positions, stop-loss and take-profit orders, and real-time tracking, all without the need for an external interface.
This geographically limited yet innovative addition confirms the trend of wallets evolving into comprehensive trading platforms with a focus on mobile experience.
Phantom integrates perp trading in its wallet via Hyperliquid
Crypto wallets are no longer just for storing tokens: Phantom has now turned theirs into a full-fledged trading platform. Through a partnership with Hyperliquid, the app now offers trading of perpetual contracts directly from your wallet.
A giant leap for mobile-first
No need to log into an external platform. Users can take positions on over 100 crypto markets, including BTC, ETH, SOL, memecoins, with a few taps. All this, without leaving the Phantom interface and with leverage up to 20x.
Native perpetuals on mobile
This new functionality is a game-changer. It focuses entirely on the mobile experience, where many crypto traders already spend most of their time.
Everything is integrated:
- Long or short positions with leverage
- Automated stop-loss and take-profit orders
- Real-time monitoring from the Home tab of Phantom
And most importantly: SOL deposits are automatically converted to USDC on Hyperliquid for trade execution. Zero friction, zero bridge, zero time wasted.
As for fees, Phantom charges 0.05% per transaction (in addition to the standard 0.045% charged by Hyperliquid), potentially generating impressive revenues for the wallet.
Hyperliquid x Phantom: explosive combo
Behind the trading engine, Hyperliquid provides liquidity and settlement of transactions. This lightning-fast DEX has quickly emerged as one of the top-performing perpetual protocols, rapidly rivaling dYdX and Aevo.
This partnership gives Phantom a powerful tool to attract the growing audience of decentralized traders, especially those trading on smartphones.
A geographically limited feature
However, this new feature won’t be accessible to everyone. Phantom specifies that certain jurisdictions, including the UK, are excluded from the service, likely due to regulatory reasons.
The rollout began this week with a select group of users, with a broader launch planned in the coming weeks.
A underlying trend: doing everything from the wallet
With this launch, Phantom confirms a fundamental trend: wallets want to become all-in-one hubs. Trading, swapping, staking, NFT minting… and now, leveraged perpetuals.
This evolution echoes the ambitions of MetaMask or Rabby, but with a mobile-first advantage.
