MetaMask Launches Perpetuals Trading, Plans Polymarket Integration

Core Insights - MetaMask has launched a new perpetuals trading service on its mobile platform, offering up to 40x leverage on over 150 EVM-compatible assets [1][2] - This launch is part of a strategic pivot from being primarily a wallet service to becoming a comprehensive trading and investment hub [1][3][4] - The company plans to integrate with Polymarket to provide prediction markets, expanding its service offerings [5] Company Developments - The new perpetuals service, named MetaMask Perps, includes contracts based on major tokens such as ETH, BTC, LINEA, XPL, and BONK [2] - MetaMask is also planning to launch its own token and a new Rewards program in October, despite facing community backlash [3] - The overall goal is to establish MetaMask as an all-in-one self-custodial trading and investment hub for global finance [3] Community Response and Concerns - The introduction of perpetuals trading has faced criticism from the MetaMask community due to the high-risk nature of trades with significant leverage [6] - There are concerns regarding whether MetaMask's infrastructure is adequately prepared to handle the demands of these high-leverage trades [6]