Cryptocurrency wallet Trust Wallet has announced the launch of perpetual futures (perps), one of the most popular trading features in the crypto industry, which is now available directly in the app.
The functionality will work in partnership with Aster’s decentralized exchange (DEX), and later on, also on the basis of TWT, a token of the Trust Wallet ecosystem.
“Pure trading freedom, without giving up your keys,” is how the company describes the new product.
According to the statement, Trust Wallet offers:
- Over 100 markets for trading
- Up to 100x leverage
- Full self-storage of funds
- All transactions are conducted on the blockchain
“You can hold your position as long as you want, or close it anytime (thus the name — perpetuals),” the team explains.
According to the crypto wallet’s representatives, previously, perpetual futures were mostly available only on centralized exchanges with a complex interface. Trust Wallet aims to change this by offering:
- A simple experience in a familiar interface
- Transparency and security through an on-chain solution
- Deep liquidity through Aster
- Potential discounts for TWT holders
The system already supports BNB Smart Chain (BSC), Ethereum (ETH), Arbitrum (ARB), and Solana (SOL), and is preparing to work with additional networks.
At the same time, the team warns users:
“Perpetuals involve leverage and high risk & may not be suitable for everyone. Always DYOR.”
The service is not available in the US, UK, and other limited regions.
In January 2024, Trust Wallet introduced a staking service on the Ethereum network, and in July of the same year, it announced a partnership with The Open Network (TON).