Blockchain.com Allows Perps Trading via Hyperliquid

Blockchain.com has introduced perpetual futures trading within its non-custodial DeFi wallet. The feature is powered by the Hyperliquid network. The launch allows users to trade leveraged positions directly from their wallets without having to transfer funds to centralized exchanges. 

The update represents a growing change in the way retail users access derivatives markets. Traders can now have full control of their cryptos even when they engage in complex strategies. This reduces reliance on custodial platforms, where funds are typically held by third parties. Blockchain.com clarified that it only provides the interface, while execution and liquidity are handled by Hyperliquid.

Blockchain.com Adds Perps Trading Powered by Hyperliquid

The new feature covers over 190 crypto markets. Depending upon the crypto they want to trade, the users can reach leverage of up to 40 times. As per the latest updates, they can fund their perpetual trading accounts directly from the wallet. Real-time pricing, variable leverage, and built-in risk management tools are also available on the platform. There are options such as stop loss and take profit, aimed at managing exposure during turbulent market conditions, amongst other elements.

Blockchain.com’s menu offers options for setting long and short. A trader buys a long position when he expects a rise in price. A short position is taken on a forecast of a fall. For these trades, leverage is important. Users can now manage larger positions with reduced capital. For instance, a 10x leverage means a $100 margin can govern a $1,000 position. This increases the opportunities for the upside, but also increases the likelihood of liquidation.

Blockchain.com has made the feature available on its mobile applications for both iOS and Android users. There will have to be provision for web-based services in the near term. And it cited plans to go beyond cryptocurrencies. News of updates, and perhaps options (e.g., for forex, stocks, and commodities, etc.) for trading in the future.

This indicates a wider trend towards a multi-asset trading structure in self-custody. The debut demonstrates that customers want more agency over their funds, but still access to advanced financial tools. Blockchain.com leverages derivatives trading through a DeFi wallet, trying to close that gap. At the same time, the company has emphasized the risks involved.

Perpetual futures trading carries crucial risk due to leverage. Losses can exceed initial margins if positions move against the trader. Liquidation can occur quickly in volatile markets. The platform advises users to understand key concepts such as funding rates, leverage, and margin requirements before even engaging in crypto trading.

The process to open a trade is structured but straightforward. Users begin by selecting a market from the available options. They then choose whether to go long or short. After that, they set their preferred leverage and enter the position size. Optional risk controls can be added before confirming the trade. Once executed, the position appears in the wallet’s active positions section.