In a significant expansion of its capabilities, the popular cryptocurrency wallet MetaMask has officially launched perpetual futures trading directly within its mobile application. This integration, powered by the decentralized exchange protocol Hyperliquid, transforms the wallet into a comprehensive trading terminal, eliminating the need for users to connect to external platforms.
The new feature allows users to open long or short positions with up to 40x leverage on over 150 cryptocurrency tokens, including major assets like ETH and BTC, as well as altcoins such as LINEA, XPL, and BONK. Notably, the service also includes synthetic derivatives for a selection of U.S. stocks and equity indices, such as Nvidia (NVDA), Tesla (TSLA), Apple (AAPL), and Microsoft (MSFT), bridging crypto and traditional markets.
The process is designed for speed and convenience, with MetaMask stating trades can be opened in "seconds." Users can fund their perpetual futures account with any token from any Ethereum Virtual Machine (EVM)-compatible chain, which is automatically swapped to USDC to facilitate trading. The service emphasizes a non-custodial model, with users maintaining control of their funds within their wallet.
However, the service comes with significant risk warnings due to the high leverage offered and the complex nature of derivatives trading. The feature is not available to users in several jurisdictions, including the United States, the United Kingdom, Ontario (Canada), Belgium, and countries on the U.S. sanctions list.
This move signals MetaMask's evolution from a simple wallet into a more integrated DeFi hub, potentially setting a new standard for user experience and pressuring other wallets and exchanges to offer similar consolidated financial services.
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