Phantom Wallet launches 40x leverage on-chain perpetual futures trading

Gate News bot message, Phantom Wallet has just launched on-chain Perpetual Futures trading, supporting up to 40x leverage. This feature simplifies derivatives trading, allowing users to trade without leaving the Wallet. Users just need to deposit SOL, which will be automatically converted to USDC, and then select the desired market and leverage.

Although this feature has been warmly welcomed by the cryptocurrency community, it has also raised concerns due to the risks associated with Futures Trading. Poor trading with high leverage can lead to rapid losses. Phantom emphasizes responsible usage, providing warnings and requiring users to agree to assume risks before trading. This move may change the way users engage with the derivatives market and shape the future of cryptocurrency Wallets.