Self-custody wallets on Blockchain.com now support leveraged perpetual futures
Users of Blockchain.com's DeFi wallet can now access perpetual futures trading with leverage, enabling them to trade crypto derivatives using their self-custodied Bitcoin as collateral while maintaining complete control of their assets.
The cryptocurrency platform Blockchain.com has introduced perpetual futures trading capabilities within its non-custodial DeFi wallet, enabling traders to establish leveraged positions using self-custodied Bitcoin as collateral while keeping their assets in their own control, eliminating the need to move funds to a centralized exchange platform.
The company's announcement on Tuesday revealed that this new functionality operates through the decentralized derivatives platform Hyperliquid, providing traders with exposure to over 190 different cryptocurrency markets and offering leverage options of up to 40 times their collateral value.
Derivative contracts known as perpetual futures enable traders to establish leveraged positions based on the price movements of underlying assets, with the key distinction being that these contracts have no expiration date. The Commodity Futures Trading Commission (CFTC) chair Michael Selig indicated last month that the regulatory body is preparing to authorize these contract types within the coming weeks.
The execution of trades occurs while digital assets stay secured within the user's wallet, providing the ability for traders to initiate, monitor and terminate positions without surrendering custody of their private keys or depending on any centralized custodial service provider.
The cryptocurrency platform explained that its new product enables users to fund their trading accounts directly using Bitcoin (BTC) held in their personal wallets through a single transaction process, eliminating the need for currency conversions or transferring assets between different platforms. According to the company's statement, plans are underway to broaden the service offering to include additional asset categories such as foreign exchange markets, equity securities and commodity futures in the upcoming period.
Founded in 2011 and headquartered in Malta, Blockchain.com operates as a comprehensive cryptocurrency services provider, delivering wallet solutions, trading platforms and infrastructure technologies for both retail traders and institutional market participants.
Perpetual futures expand beyond crypto into multi-asset trading
The market for perpetual futures contracts is experiencing significant growth beyond the cryptocurrency sector, extending into traditional equity markets, commodity trading and various other asset categories, as both centralized and decentralized trading platforms work to diversify their product portfolios beyond purely digital currency offerings.
During February, cryptocurrency exchange platform Kraken introduced tokenized equity perpetual futures contracts for its international client base outside the United States, providing round-the-clock leveraged trading access to US stock markets, equity indexes and commodity instruments through cryptocurrency-denominated derivative products.
In the subsequent month, Coinbase rolled out its own stock-based perpetual futures products targeting non-United States customers, delivering leveraged, cash-settled trading exposure to prominent US equity securities as a component of its strategic initiative to broaden its continuous, multi-asset trading capabilities available 24 hours per day, 7 days per week.
This Tuesday, technology news publication The Information disclosed that Kalshi, a prediction market platform, is investigating potential expansion into cryptocurrency derivatives markets, with strategic plans to introduce perpetual futures trading services to customers located in the United States.
The Hyperliquid platform has similarly extended its market offerings well beyond cryptocurrency-exclusive products. Information available from the platform's data demonstrates that perpetual futures contracts linked to commodities and market indexes, encompassing crude oil, the S&P 500 equity index and silver, are positioned among the most heavily traded instruments by transaction volume, appearing alongside major digital currencies such as Bitcoin and Ether.
