Exciting news for crypto enthusiasts in Europe! Phantom wallet has just rolled out perpetual trading for EU users, powered by Hyperliquid. This groundbreaking update opens up new opportunities for traders looking to leverage their positions without expiration dates.
What is Phantom Wallet’s New Perpetual Trading Feature?
The integration with Hyperliquid allows EU-based Phantom wallet users to:
- Trade perpetual contracts directly from their wallet
- Access leveraged positions with up to 20x margin
- Enjoy lower fees compared to traditional exchanges
- Benefit from seamless integration with existing Phantom wallet features
Why This Matters for EU Crypto Traders
The addition of perpetual trading positions Phantom wallet as a comprehensive DeFi solution. EU users can now:
| Feature | Benefit |
|---|---|
| No expiry dates | Flexible trading positions |
| Hyperliquid integration | High liquidity and tight spreads |
| Direct wallet access | Enhanced security and convenience |
How Does Hyperliquid Power This Innovation?
Hyperliquid brings its expertise in perpetual contracts to Phantom wallet, offering:
- Advanced order types including limit and stop orders
- Deep liquidity across major crypto pairs
- Competitive funding rates
Getting Started with Perpetual Trading on Phantom Wallet
EU users can begin perpetual trading by:
- Updating to the latest Phantom wallet version
- Connecting to the Hyperliquid protocol
- Depositing collateral
- Opening their first perpetual position
This strategic move by Phantom wallet significantly expands trading possibilities for European crypto enthusiasts. By integrating Hyperliquid’s perpetual trading capabilities directly into the wallet interface, Phantom is positioning itself as a one-stop solution for both spot and derivative trading in the EU market.
Frequently Asked Questions
1. Is perpetual trading on Phantom wallet available worldwide?
Currently, perpetual trading is only available to EU users due to regulatory considerations.
2. What cryptocurrencies can I trade with perpetual contracts?
Major pairs include BTC, ETH, and other top altcoins, with more being added regularly.
3. How does Phantom wallet ensure the safety of perpetual trading?
The integration uses smart contract technology with audited protocols and non-custodial principles.
4. Are there any special requirements for EU users?
Users may need to complete KYC verification depending on their country’s regulations.
5. What fees apply to perpetual trading?
Fees are competitive with major exchanges, typically ranging from 0.02% to 0.07% per trade.
