What’s New with Phantom Perps?
Phantom has launched perpetual futures trading directly within its wallet, powered by Hyperliquid’s backend infrastructure. Over 100 markets are available, with up to 40× leverage for top assets like BTC, ETH, SOL, and meme coins. The update delivers position management, stop-loss/take-profit orders, and automatic SOL‑to‑USDC conversions—all without leaving the wallet.
Why This Integration Matters
1. Mobile-First Pro-Style Trading
Phantom’s “Perps in your pocket” mantra lets users trade like pros—no third-party apps, no browser swaps, just intuitive leverage trading from the Home tab.
2. Powered by Hyperliquid
Hyperliquid’s on‑chain order book offers deep liquidity, low latency, and zero gas fees, bringing centralized exchange functionality to a decentralized wallet environment
3. Smooth Asset Flow
Phantom auto‑converts deposited SOL into USDC on Hyperliquid, enabling seamless margin trading with no manual swaps needed
How to Get Started
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Open Phantom Wallet, update to the latest version
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Deposit SOL — the app auto‑converts to USDC for perps
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Select a contract (e.g., BTC‑USD, SOL‑USD) and set leverage (1×–40×)
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Manage positions—open, close, set stop‑loss/take‑profit—all within Phantom
Risks & Best Practices
Perpetual futures amplify both gains and losses. Phantom includes risk controls, but leverage and liquidation risks remain. Be sure to:
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Start with lower leverage (e.g., 2–5×)
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Use stop-loss or take-profit tools
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Understand funding rates and margin rules
What This Means for Users
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Convenience: Trade futures within one trusted wallet
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Access: New markets—meme tokens, ETH, BTC perps
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Control: Automated tools and margin flexibility
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Speed & savings: No gas fees, faster trades via Hyperliquid
Final Takeaway
Phantom’s integration with Hyperliquid brings CEX-like futures trading into a decentralized wallet, dramatically simplifying the experience. This marks a pivotal shift toward mainstream DeFi adoption, merging advanced financial products with custody and on‑chain simplicity.
Related Reads You Might Like
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How to Trade Perps in Phantom: A Complete Guide
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What Are Perpetual Futures? Explained
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Top Hyperliquid Features for Everyday Traders
