Phantom Launches Desktop Trading Terminal With Perps to Challenge Pro Crypto Platforms

2025-12-15 11:09:59

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Phantom, a widely used multichain crypto wallet, has expanded beyond basic wallet services with the launch of Phantom Terminal, a web-based desktop trading platform. The new product introduces advanced trading tools and perpetual futures, also known as perps, inside a single browser interface. This move signals Phantom’s ambition to compete directly with professional crypto trading platforms while keeping its user-friendly approach .

Phantom Terminal is now available in public beta. It allows users to trade Solana ecosystem tokens and access perpetual futures powered by Hyperliquid without leaving the Phantom environment. By combining wallet access and trading tools, Phantom aims to reduce friction for traders who want speed and simplicity in one place.

A Desktop Trading Experience Built for Speed

The terminal focuses on fast execution and deep market insight. It uses TradingView charts, which many traders already know and trust. As a result, users can analyze markets and place trades without switching platforms.

Key features include:

Real-time price charts with drawing tools and custom indicators
Spot trading for Solana-based tokens
Perpetual futures markets with long and short positions
Stop-loss and take-profit order types
Synced positions across devices

Furthermore, Phantom reduces repetitive transaction prompts through auto-approval workflows. This setup helps traders react quickly during volatile market conditions.

Perps Trading Inside the Phantom Ecosystem

Phantom Terminal supports perpetual futures through Hyperliquid’s infrastructure. Users can trade hundreds of markets with leverage while staying connected to their Phantom wallet. The platform supports both recovery-phrase wallets and seedless wallets using Apple or Google login. Traders can also choose between automatic or manual trade approvals.

However, access to perpetual futures depends on location. Users in the United States and the United Kingdom currently face restrictions due to local regulations.

Phantom’s Push Toward an All-in-One Platform

Earlier in 2025, Phantom introduced Phantom Perps, offering over 100 perpetual markets with leverage up to 40x. The new terminal builds on that foundation and shows Phantom’s broader strategy. The company wants to keep users trading, managing assets, and exploring DeFi without moving to external platforms.

Looking ahead, Phantom plans to add more chains, order types, and DeFi integrations. If successful, Phantom Terminal could attract both active retail traders and more experienced professionals.

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