MetaMask introduces perps trading for 150+ tokens on mobile

MetaMask has integrated perpetual contract trading into its mobile app with support for more than 150 token markets. The feature grants users full control over their assets and keys while accessing advanced trading tools previously found elsewhere.

According to an announcement on Oct. 8, Consensys has deployed perpetual futures trading directly within the MetaMask Mobile application, expanding the self-custody wallet’s reach into on-chain derivatives.

The new feature, called MetaMask Perps, is powered by Hyperliquid and enables users to trade more than 150 tokens with up to 40× leverage directly from their mobile wallets. Notably, the launch follows a broader redesign of MetaMask Mobile aimed at accessibility, letting traders fund accounts with any EVM-compatible token and execute leveraged long or short positions without leaving the app.

MetaMask extends wallet utility as perps adoption surges across DeFi

Beyond its funding flexibility, MetaMask Perps emphasizes execution speed and user control as core advantages. Built for a mobile-first environment where price moves can be sudden, the platform claims trade settlement in seconds.

This is coupled with a suite of risk management tools, including limit orders, stop-loss, and take-profit functions, all operating within the non-custodial framework that guarantees users retain possession of their assets throughout the trading process. The interface also provides live trading charts and push notifications for real-time position updates.

Per the announcement, onboarding is streamlined. After updating to MetaMask Mobile version 7.56 or later, traders can tap the new “Perps” tab on the home screen. The first step involves funding a dedicated perps account with any EVM-compatible token (e.g., ETH, BNB, or USDT), which is automatically converted to USDC for trading without extra swap fees.

From there, users can open long or short positions on a diverse range of over 150 tokens, including ETH, BTC, LINEA, XPL, and BONK, leveraging up to 40x before confirming the trade.

MetaMask joins a surging perpetuals market

This launch arrives during a historic surge in perpetual futures trading across the decentralized finance landscape. In September 2025, perpetual decentralized exchanges recorded over $1.14 trillion in monthly trading volume for the first time, up nearly 50% from August, according to DeFi Llama.

Notably, the surge was driven by platforms such as Aster, Hyperliquid, and Lighter, which each surpassed $150 billion in trading volume over 30 days, underscoring massive and growing institutional and retail interest in on-chain derivatives.

MetaMask is not alone in recognizing this trend. On July 8, the Solana-centric Phantom wallet rolled out its own mobile perpetuals feature, also powered by Hyperliquid. Phantom’s approach similarly focuses on a simplified, mobile-native experience but is distinct in its initial integration with the Solana ecosystem.

Meanwhile, centralized exchange Kraken unveiled “Kraken Perps” on September 11, a custodial product that contrasts sharply with MetaMask’s non-custodial model by requiring USD collateral and operating within a regulated exchange environment.