Phantom, a popular Solana-based crypto wallet, has taken a significant step forward by launching a new platform for perpetual trading known as Phantom Perps.
Key Features of Phantom Perps
Phantom Perps offers over 100 trading markets with leverage options up to 40x. The platform integrates with HyperliquidX for fast and low-cost trading. Key features include:
* Wide Asset Selection: Trading across over 100 markets, including major and emerging cryptocurrencies. * High Leverage Options: Going up to 40x, ideal for experienced traders looking to amplify returns. * HyperliquidX Integration: Ensuring rapid execution and minimal slippage, making trading smoother than ever. * Non-Custodial Trading: Users maintain full control of their assets without relying on centralized platforms.
Phantom's Broader DeFi Vision
The launch of Phantom Perps reflects the company's broader ambition to create a comprehensive DeFi platform. By combining wallet functionality and advanced trading features in one place, Phantom aims to attract both new and experienced users in the crypto space. This also emphasizes the evolution of wallets: not just storage tools anymore, but gateways to a variety of financial services, from staking to full leveraged trading.
Conclusion
The launch of Phantom Perps highlights the transformation of crypto wallets into multifunctional DeFi platforms. It provides users with new opportunities for trading and managing their assets.
Phantom continues to evolve, aiming to become an integral part of the DeFi ecosystem by offering users a wide range of trading services and tools.
