Key Takeaways:
Blockchain.com has integrated perpetual futures trading into its non-custodial DeFi wallet, powered by the decentralized derivatives exchange Hyperliquid. The feature, announced April 21, gives users access to over 190 crypto markets directly from their self-custodied funds, bypassing the need to deposit assets onto a centralized platform.
"By letting you fund your account with your own Bitcoin while keeping total control of your keys, we're proving that managing your own money can actually be the easiest way to trade," Nic Cary, Co-Founder and Vice Chairman of Blockchain.com, said in a statement.
The integration allows users to open leveraged positions with up to 40x leverage, using Bitcoin held in their DeFi wallet as collateral in a single transaction. This removes the need for conversions into stablecoins or funds transfers to an exchange, a common friction point in derivatives trading. Trades are executed on Hyperliquid's infrastructure while users retain full control of their private keys throughout the process.
The move positions Blockchain.com to capture a share of the burgeoning on-chain derivatives market, a segment where Hyperliquid is a dominant player with roughly $191 billion in volume over the past 30 days, according to data from DefiLlama. It intensifies competition for centralized exchanges like Coinbase and Binance by combining the convenience of a familiar wallet interface with the security of self-custody.
By building on Hyperliquid's infrastructure, Blockchain.com gains immediate access to a deep liquidity pool and a robust trading engine without the overhead of developing its own. The integration is a significant distribution win for Hyperliquid, embedding its trading stack into Blockchain.com's established user base of over 90 million wallets. Data from DefiLlama shows Hyperliquid with open interest of approximately $7.35 billion and cumulative volume surpassing $4.2 trillion, underscoring the scale of the market Blockchain.com is tapping into.
This launch is part of a wider industry trend where advanced trading features are being integrated directly into self-custody environments. Perpetual futures themselves are expanding beyond crypto-native assets into tokenized stocks and commodities, with platforms like Coinbase and Kraken offering such products to non-US users. The development also comes as prediction markets Kalshi and Polymarket signal plans to enter the US crypto derivatives space, an area where regulatory clarity is slowly emerging after the CFTC indicated it plans to allow perpetuals in the coming weeks.
This article is for informational purposes only and does not constitute investment advice.
