Phantom, a prominent digital asset wallet provider, announced Tuesday the launch of perpetual futures trading powered by Hyperliquid, offering users access to over 100 crypto markets directly within their wallet interface.

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

The rollout begins with select users today and will expand in the coming weeks. The service leverages Hyperliquid’s infrastructure for liquidity provision and transaction settlement.

The new feature allows users to trade perpetual contracts for major digital assets like Bitcoin, SOL, and ETH, as well as various meme tokens, through a mobile-first design that integrates with Phantom’s existing wallet functionality.

Users can execute long and short positions with leverage, set automated stop-loss and take-profit orders, and manage positions directly from Phantom’s Home tab. The platform converts users’ SOL deposits automatically to USDC on Hyperliquid for trading.

Phantom noted that the perpetual futures trading service is not available in all jurisdictions and specifically indicated that the feature is not intended for UK audiences.