Phantom Launches Mobile-Amiable perpetual Futures Trading
On July 8, phantom, a popular crypto wallet, introduced perpetual futures trading within its app. This move aims to simplify derivatives trading for retail users.
Unlike complex platforms, PhantomS approach is user-friendly. It lets users open leveraged positions with just a few taps. The feature, powered by Hyperliquid, offers over 100 markets, including Bitcoin, Ethereum, and meme coins like Dogecoin and Pepe.
Phantom’s integration reduces the process to three steps: fund a position with SOL, choose a market, and set leverage. This wallet-native experience eliminates the need for separate exchange accounts. The feature is a test for crypto’s retail adoption. Derivatives make up nearly 75% of crypto trading volume but are often intimidating for beginners. Phantom’s solution strips down the process,making it accessible. Users can trade next to their NFTs and tokens. However, it also introduces risks like liquidation and funding fees. The company warns that the feature isn’t available in the U.K. due to strict regulations. Othre regions may follow suit.
Phantom’s approach could bridge the gap for retail adoption.However, it also introduces risks. Users must understand the mechanics to avoid amplified losses.
- Phantom launched perpetual futures trading in its app.
- It offers over 100 markets,from Bitcoin to meme coins.
- The feature isn’t available in the U.K. due to strict regulations.
Phantom’s move is a significant step for crypto’s retail adoption.It simplifies derivatives trading, traditionally dominated by professionals.The feature is a three-step process: fund, pick a market, and set leverage.
Derivatives account for 75% of crypto trading volume. Yet, most platforms are complex. Phantom’s solution is user-friendly, but it comes with warnings. The company advises users to be cautious. The accessibility could be a double-edged sword. While it lowers barriers, it also exposes users to risks. The company is still determining restricted regions.
For more facts, visit Phantom’s website.
