Decrypt announced that it is integrating perpetual futures trading powered by the Solana exchange Phoenix into its news platform. It says readers will be able to take long or short positions using a Decrypt Money Account, without switching apps or moving funds between platforms. The source does not give a launch date, and availability may vary by region.
Phoenix offers markets in crypto, U.S. stocks, gold and pre-IPO companies around the clock, with up to 40x leverage, according to its website. Perpetual futures carry a high risk of loss: leverage magnifies gains and losses, and positions can be liquidated quickly.
