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- Phantom launches perpetual futures trading for EU users inside its non-custodial wallet.
- The feature offers up to 40x leverage and is powered by Hyperliquid’s infrastructure.
- Phantom continues expanding across multiple blockchains, with no token launch planned.
Phantom has introduced perpetual futures trading for its users in the European Union. This new feature allows traders to access leveraged markets directly inside the web3 wallet. The launch is built on Hyperliquid’s API, enabling seamless trading without giving up wallet control.
It offers 40x leverage. Stop-loss and take-profit are also able to be set within the app. It’s mobile-friendly, keeping a simple and regular format for the user interface. Real-time notifications are also offered, which allow people to respond immediately to fluctuations in markets.
Phantom’s big here is that it envisions the wallet not just as a place to store assets but as a whole full-service entrance point to on-chain action. While other large players like Coinbase and Robinhood are also entering the perpetuals space, Phantom’s move represents a unique strategy: bundling custody, trading, and notifications under one roof.
Hyperliquid’s Role in the Expansion
Hyperliquid initially began its life as a non-custodial futures trading platform. It later launched HyperEVM, a chain that runs Ethereum-style smart contracts on its base chain, known as HyperCore. It’s a platform that allows collateralization on several chains, enabling versatile access to one’s assets all while holding key control.
Throughout the last year, Hyperliquid processed more than $1.5 trillion of perpetual trading volume. As a result of its high-performance architecture and permissionless nature, it’s also a great match for Phantom’s mobile-centric platform.
It also helps keep Phantom users connected to deep markets even when they don’t need to put their wallet at stake. Smart contract interaction is also supported by hyperliquid. That means that more advanced DeFi functionality will be available to Phantom users earlier via this link.
Phantom Wallet Adds Bitcoin Support
Phantom originally launched as a Solana-only wallet in 2021. It has since expanded its support across major chains. Ethereum and Polygon were added in 2023. Bitcoin and BRC-20 tokens were added later in the year, along with support for Ordinals.
Phantom integrated Base and Sui networks in early 2024 and 2025, showing interest in Ethereum’s Layer 2s and new Layer 1s. Integration with Monad will also occur, with the chain moving towards mainnet launch.
Contrary to several rumours, Phantom has refuted that they are planning tokens. Since their $150m Series C earlier in the year, their time has instead been dedicated to building features, not tokens. This latest product, perpetuals, is yet another ambitious step in that regard, with their wallet becoming a complete on-chain command centre.
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