A line of text in a paragraph.The popular cryptocurrency wallet Trust Wallet has introduced perpetual futures (perps) directly in its app, giving users a new way to trade without giving up control of their funds. The feature is powered by the Aster decentralized exchange (DEX) and will later include utility tied to the TWT token.
With the new feature, Trust Wallet offers:
- access to 100+ trading markets
- up to 100x leverage
- self-custody and full control of funds
- all transactions executed directly on the blockchain
Perpetual futures have traditionally been available only on centralized exchanges with complex interfaces. Trust Wallet aims to change this by offering a simple trading experience, deep liquidity through Aster, transparent on-chain execution, and potential fee discounts for TWT holders.
The feature currently supports BNB Smart Chain (BSC), Ethereum (ETH), Arbitrum (ARB), and Solana (SOL), with more networks on the way.
High-Risk Feature With Restricted Regions
The team reminds users that leveraged trading carries significant risk and may not be suitable for everyone. The service is not available in the US, UK, and other restricted regions.
Earlier this year, Trust Wallet introduced staking on Ethereum and later announced a partnership with The Open Network (TON), signaling its broader push into on-chain services.
Source: https://coinpaper.com/11869/trust-wallet-introduces-perps-with-leverage-and-self-custody-for-active-traders
