In July 2025, crypto wallet Phantom announced the launch of a new feature: perpetual futures trading directly via the mobile and desktop app. This was made possible through a collaboration with the Hyperliquid platform, which provides high liquidity and a reliable infrastructure for derivatives trading.
The core of the update is that users can open and close futures positions without leaving the Phantom interface. All transactions take place without transferring private keys: control over the assets remains in the hands of the wallet owner. A new tab 'Perps' has been added where one can select the desired trading pair, set transaction parameters and define stop-loss or take-profit levels.
- Crypto Briefing (@Crypto_Briefing) July 8, 2025
Access to Over 100 Assets
At launch, users can access over 100 trading pairs, including Bitcoin, Ethereum, Solana, Dogecoin, PEPE and many more. Leverage of up to 40x is supported. Built-in notifications and risk management tools make trading more predictable and safer for users of all levels.
Simplified Entry to Market Through USDC
To start trading, you need to deposit SOL tokens into the Phantom wallet, which are automatically converted to USDC on the Hyperliquid platform. After that, you can start opening positions. This approach simplifies the process and eliminates the need for manual transfers between platforms.
Potential High Trading Volume
Phantom already has over 15 million monthly active users. Even if only a fraction of them start using the new function, the total trading volume could reach tens of billions of dollars. Experts believe that such an implementation could further strengthen Phantom's position in the crypto finance ecosystem.
Wallet as Universal Platform
Phantom continues its journey to become a universal tool for all on-chain actions. In addition to futures trading, the app allows for storing, staking, trading and managing NFTs. The new feature integrates organically into the ecosystem, giving users even more possibilities without having to install third-party apps.
Risks and commissions potential
Some market participants have expressed concern about the automatic conversion from SOL to USDC, which could put pressure on the token price. There is also discussion about the fees, which can be as high as 0.85% during conversion. However, the developers have assured that these conditions are standard and aligned with the market.
Future Developments Of The Project
Phantom started out as a wallet for the Solana network, but since 2023 it has expanded its support considerably: it now also works with Ethereum, Polygon, Base, Sui, Bitcoin, and in the future it will also add Monad. In recent months, the team has been actively developing the product and consolidating its position through strategic acquisitions.
Integrating futures trading is a crucial step in the development of crypto wallets as complete platforms. Phantom is an example of how decentralised finance can become accessible and affordable. By maintaining a strong focus on security, user control and mobility, solutions of this type can attract millions of new users to the cryptocurrency world.
