Phantom Wallet Bets Big on Perpetual Futures Trading
Phantom is expanding into perpetual futures by hiring market makers from Hyperliquid, signaling a bold push into advanced crypto trading.
Phantom, the popular crypto wallet best known for making Solana accessible to everyday users, is making a serious move into perpetual futures trading. The company is doubling down on the derivatives space by bringing on market builders with direct experience from Hyperliquid, one of the most talked-about decentralized perpetuals platforms in the game right now.
If you're not deep in the crypto weeds, here's the quick explainer: perpetual futures are a type of derivative contract that lets traders speculate on the price of an asset — like Bitcoin or Solana — without ever actually owning it, and without an expiration date. They're wildly popular among active crypto traders because of the leverage and flexibility they offer, but they've historically lived on specialized platforms rather than general-purpose wallets.
Read more Visa and Mastercard Back New USD Stablecoin to Rival Tether and USDC →
By recruiting talent from Hyperliquid, Phantom is essentially fast-tracking its credibility in this space. Hyperliquid has built a reputation for deep liquidity and a slick on-chain trading experience, so pulling in folks who helped build that ecosystem is a pretty clear signal that Phantom isn't just dipping a toe in — it's cannonballing into the deep end of the derivatives pool.
This move fits into a broader trend of crypto wallets evolving from simple asset storage tools into full-blown trading hubs. Phantom already expanded beyond Solana to support Ethereum and Bitcoin, so layering in perps trading feels like a natural next step in its ambition to become the go-to super-app for crypto users of all stripes.
Whether you're a casual holder or an active trader, keep an eye on how Phantom rolls out these features — the competition for your trading activity just got a lot more interesting. Continue reading at CoinDesk.
