Phantom Wallet has launched integrated futures trading in partnership with Hyperliquid, opening new opportunities for users globally.
Phantom's DeFi Expansion with Hyperliquid Partnership
Phantom has partnered with Hyperliquid to introduce an integrated futures trading feature, marking a significant evolution for digital asset wallets. This integration represents Phantom's shift from a simple wallet to a comprehensive DeFi portal, catering to wider trading needs.
New Futures Trading with Up to 40x Leverage
The integration allows for futures trading with up to 40x leverage and advanced risk management tools. Its user-friendly interface supports participation, potentially increasing trading volume on the platform. However, UK users are excluded from this service due to local regulatory adherence.
Analyst Insights on User Growth
Historical shifts from centralized exchanges to in-wallet trading platforms have increased market participation. Onchain analyst JJ noted: "If just 10% of Phantom’s user base converts into Hyperliquid traders, that’s 1.5 million wallets entering the Hyperliquid ecosystem, which would nearly double the addressable user base for onchain perp trading overnight."
The partnership between Phantom and Hyperliquid aims to not only expand access to futures trading but also enhance market dynamics. The potential growth of the user base indicates the prospects for future integrations across other digital wallets.
