The popular Solana-based crypto wallet, Phantom, has integrated perpetual futures trading powered by Hyperliquid, allowing users to access over 100 crypto futures markets directly within the wallet. On July 8, the Phantom’s developer team announced the launch of its futures trading service for the L2 blockchain via an X social media post.
Introducing: Phantom Perps 👻 ♾️
Go long or short in just a few taps.
100+ markets. Up to 40x leverage. All in your pocket.
Powered by @HyperliquidX pic.twitter.com/YDKjUGBdEn
— Phantom (@phantom) July 8, 2025
Phantom Unveils Perpetual Trading Services
The non-custodial wallet’s new trading feature is rolling out in stages, beginning with a select group of users today. Powered by Hyperliquid’s liquidity and settlement infrastructure, this product will be expanded to more users over the next few weeks. This feature enables seamless trading and portfolio management, enhancing the user experience and expanding the non-custodial wallet’s capabilities in the DeFi space.
The wallet’s new feature enables users to trade perpetual contracts for major digital assets, such as Bitcoin (BTC), Solana (SOL), and Ethereum (ETH), as well as meme tokens, through a mobile-first design. Trading is seamlessly integrated with Phantom’s wallet functionality, providing a user-friendly experience for buying, selling, and managing digital assets.
The non-custodial wallet’s platform enables users to trade with leverage, set stop-loss and take-profit orders, and manage positions from the Home tab. SOL deposits are automatically converted to USDC on Hyperliquid, streamlining trading and allowing users to efficiently manage long and short positions with ease and precision.
However, the new feature isn’t available globally; the non-custodial wallet specifically excludes users in the United Kingdom due to local regulations, restricting access in certain countries. The platform adheres to geographical guidelines, limiting access to certain areas due to regulatory requirements.
Partnership with Benefits
Despite the recent hurdles faced by the platform, Phantom boasts over 15 million monthly users, with each user averaging 12 daily app openings. The wallet manages $25 billion in crypto assets and facilitates $20 billion in annual crypto trades.
Phantom’s Hyperliquid integration would enable 15 million monthly users to trade futures directly, without the need for new accounts or platforms. Perpetual trading is now front and center on users’ home screens, expanding the non-custodial wallet’s capabilities and providing seamless access to advanced trading features for a large user base instantly.
With only 10% of Phantom’s users onboard, Hyperliquid could attract 1.5 million new traders, greatly enhancing the platform. Based on centralized exchange ratios, this integration might unlock as much as $74 billion in perpetual trading volume, derived from the non-custodial wallet’s $20 billion annual swap volume and industry spot-to-perp trading ratios.
