Phantom Launches Perpetual Futures Trading for EU Users with Hyperliquid Integration

Phantom, a non-custodial crypto wallet renowned for its seamless integration with Solana and Ethereum, has unveiled a groundbreaking feature for EU users: the ability to trade perpetual futures directly within its wallet interface. Powered by Hyperliquid, a high-performance, decentralised perpetual futures platform, this new offering enables users to trade over 100 cryptocurrency markets with up to 40x leverage, all while maintaining self-custody of their assets.

The integration, announced on July 8, 2025, enables Phantom users to go long or short on assets like Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), and Pepe (PEPE) with just a few taps. The mobile-first experience includes intuitive tools such as stop-loss, take-profit, and real-time alerts, seamlessly embedded in Phantom’s Home tab. For trading, users’ SOL deposits are automatically converted to USDC on Hyperliquid, streamlining the process. Phantom emphasized that this move aligns with its vision of wallets becoming the primary gateway for onchain activity, reducing reliance on centralized exchanges.

Hyperliquid, which powers the feature via its API, has seen explosive growth, processing over $1.57 trillion in perpetual futures trading volume in the past 12 months. Its Layer 1 blockchain, HyperCore, and Ethereum-compatible HyperEVM ensure sub-second transaction finality and gas-free trading, making it an ideal partner for Phantom’s ambitions. The platform’s non-custodial nature ensures users retain full control over their funds, a key differentiator in the competitive DeFi landscape.

Phantom’s rollout comes amid increasing competition, with platforms like Coinbase and Robinhood also exploring perpetual trading offerings. However, Phantom’s focus on simplicity and accessibility could give it an edge, particularly for retail traders. The wallet, which boasts 15 million monthly active users and $25 billion in self-custodied assets, is lowering the barrier to leveraged markets, though it warns that perpetual futures trading carries significant financial risks and is not available in all jurisdictions, including the UK.

Earlier this year, Phantom secured $150 million in a Series C funding round, valuing the company at $3 billion. The funding, led by prominent investors, underscores confidence in Phantom’s mission to simplify crypto interactions. Despite speculation, the company confirmed it has no plans to launch a native token at this time, focusing instead on enhancing its wallet’s functionality.

As Phantom rolls out this feature to eligible EU users over the coming weeks, the partnership with Hyperliquid signals a bold step toward making decentralized finance more accessible. Traders can now manage leveraged positions alongside their token balances and NFT collections, all within a single, non-custodial wallet interface.