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Core Insights - MetaMask has launched perpetual futures trading on its mobile platform, allowing users to trade various assets quickly and efficiently [1][2] - The platform supports trading on over 150 tokens and select US stocks, with the ability to go long or short [1] - Users can leverage up to 40x on their trades, providing significant trading flexibility [1] Group 1: Trading Features - Perpetual futures contracts allow leveraged long or short exposure to asset prices without expiry, offering flexibility for both quick trades and long-term strategies [1] - The trading experience is designed for speed, with trades reportedly settling in seconds, enabling traders to act on market opportunities promptly [2] - Users can fund their perps account with any EVM-compatible token, which will be automatically converted to USDC for trading [2] Group 2: Supported Assets - The platform allows trading on a variety of cryptocurrencies, including ETH, BTC, LINEA, XPL, and BONK, as well as major US stocks like Nvidia, Tesla, Apple, Microsoft, Palantir Technologies, and Robinhood [1] - Currently, perpetual trading is not available to users in specific regions, including the US, UK, Ontario (Canada), Belgium, and countries on the US sanctions list [2]

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Core Insights - MetaMask has launched perpetual futures trading within its mobile app, challenging centralized exchanges [1][2] - The new feature, "MetaMask Perps," allows trading of over 150 tokens with up to 40x leverage while maintaining control of private keys [1][3] Product Features - Users can open long or short positions on popular tokens like Bitcoin and Ethereum without leaving the app [2] - Funding can be done using any EVM-compatible token, which is automatically converted to USDC for trading without additional swap fees [2][3] - The mobile interface includes instant trade execution, live market charts, and risk management tools such as stop-loss and limit orders [3][4] Trading Performance - Trades settle within seconds, enabling users to react to price movements quickly [4] - Users must update to MetaMask Mobile version 7.56 or later to access the new "Perps" tab [4] Market Context - The launch aligns with increasing demand for decentralized perpetuals, with trading volumes exceeding $1.14 trillion in September [5] - Hyperliquid, the platform powering MetaMask's new feature, recorded over $59.5 billion in trading volume on September 25 [5] Competitive Landscape - MetaMask's entry into the derivatives market comes amid rising competition, with Phantom Wallet and Kraken also launching similar features [6][7]

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]