Phantom launches limit orders for Phantom Perps

Key Takeaways

• Phantom, a Solana-focused wallet app, has integrated limit orders for its Perps trading feature.
• Users can now set take profit and stop loss triggers directly on their perpetual futures positions.

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Phantom, a Solana-focused wallet app, today launched limit orders for Phantom Perps, a perpetual futures trading feature integrated into the mobile wallet for long and short positions.

The new feature enables users to set take profit and stop loss triggers directly on perp positions for automated closures at target prices. Users can adjust stop-loss and take-profit levels using drag-and-drop on the perp chart for intuitive risk management.

Phantom supports adding to existing perp positions to increase exposure while keeping leverage consistent, expanding the wallet’s capabilities beyond basic trading into advanced order management tools.