Phantom puts perps in traders’ pockets as mobile-first derivatives go live
Perpetual term contracts see more than $ 100 billion in daily negotiation volume, but most platforms are still aimed at the pros. The mobile approach of Phantom could be the bridge or the point of rupture of the adoption of retail.
On July 8, Phantom, the crypto portfolio better known for its Solana and Ethereum without seam, deployed perpetual term contracts which are negotiated directly in its application.
Unlike traditional PERPS platforms which overwhelm users with complex command books and advanced cartography tools, the implementation of Phantom Bandit The derivatives of derivatives exchanging to its bases, allowing users to open leverages in a few taps, right next to their NFT collections and their token balances.
The functionality, fueled by the hyperliquid infrastructure, offers more than 100 markets, Blue Chips like Bitcoin (BTC) and Ethereum (Ethn) to pieces of volatile memes, such as the mastiff (DOGE) and pepe (Pepper).
Can Phantom Perps fill the gap or widen the risk division?
Phantom’s passage through perpetual future is a decisive test for the adoption of crypto retail trade. Derivatives represent almost 75% of the whole volume of trading in crypto, but most platforms remain intimidating for occasional users, with interfaces congested by advanced tools such as conditional orders and depth graphics.
On the other hand, Phantom said in the press release The fact that its integration reduces the three -step process: finance a position with soil (automatically converted into USDC), choose a market and adjust a lever effect. No bridging assets, no separate exchange accounts, just a native experience of the portfolio.
Accessibility could be a double -edged sword. On the one hand, it reduces the barrier to non-professional to engage with leverage, which have always been dominated by hedge funds and algorithmic traders. On the other hand, it presents the risks inherent in derivatives, such as liquidation, financing costs and amplified losses, to an audience which may not fully understand the mechanisms.
Phantom has expressed an explicit warning that the functionality is not available in the United Kingdom, where the Financial Conduct Authority has adopted a hard position on cryptographic derivatives, in particular for retail merchants, since the beginning of 2021.
Other jurisdictions with strict derivative regulations can follow suit, although Phantom has not yet published a complete list of limited regions.
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