PhantomPartner offer
10% of trading fees back for 3 months
Phantom referral code: findcodes — sign up with this code to get 10% of trading fees back for 3 months.
Affiliate link. We may earn a commission, at no extra cost to you.
At a glance
- What changed
- Phantom’s in-app perpetual futures trading has passed $50 billion in total volume.
- Who it affects
- Phantom users who trade perps in the app, and readers comparing wallet-based trading options.
- When
- Announced on 15 October 2026, covering just over a year of perps trading.
The milestone
Phantom, the self-custodial crypto wallet, said on 15 October 2026 that its in-app perpetual futures had crossed $50 billion in trading volume. In a post on its official X account, the company put the total at 192,000 traders and millions of positions in just over a year, and thanked Hyperliquid and trade.xyz for building alongside it. Phantom did not give a monthly breakdown or say how much of the volume came from leverage.
How Phantom perps work
Phantom’s help centre explains the setup behind that number. Perps in the app are powered by Hyperliquid, and the perps balance is held there in USDC. Profit and loss settle in USDC, and each position has its own isolated margin: if a position is liquidated, the margin committed to it can be lost in full.
Holding a position also costs or earns funding, an hourly payment between longs and shorts that keeps prices close to the spot market. Funding is separate from the trading fees charged on opening and closing, so a position can lose value even when the price barely moves.
Where it is available
Phantom’s regional availability page says perps are not offered in the United States, the United Kingdom or US-sanctioned jurisdictions. Readers in Türkiye and most of the EU fall outside those exclusions, but local rules on leveraged products still apply, and Phantom shows a notice in the app where a feature is blocked.
PhantomPartner offer
10% of trading fees back for 3 months
Phantom referral code: findcodes — sign up with this code to get 10% of trading fees back for 3 months.
Affiliate link. We may earn a commission, at no extra cost to you.
Conditions
New users who sign up in the Phantom mobile app with this code get 10% of their own eligible trading fees back for three months from signup. Codes apply only at mobile-app signup and cannot be added later. Rebates are paid in CASH to the Phantom Cash balance after a $1 minimum; ID verification may be required. Perps and prediction markets are not available in every region; program terms apply and Phantom may change rates or end the program. Perps are unavailable in the US, UK and US-sanctioned jurisdictions; prediction markets are unavailable in the US, UK, Germany and sanctioned jurisdictions. Program eligibility depends on jurisdiction under the referral terms.
The code and partner link have no expiry. Campaign dates, benefits and eligibility are separate and may change. Check the provider’s current terms before signing up.
