MetaMask Unleashes “CEX Killer” With New In-Wallet Perps Trading

MetaMask has entered the on-chain derivatives market with the launch of perpetual futures trading directly inside its mobile app, a move seen as a challenge to centralized ￰2￱ update, announced on Oct. 8 by Consensys, introduces “MetaMask Perps,” powered by decentralized exchange ￰3￱ feature allows users to trade more than 150 tokens with up to 40x leverage while maintaining full control of their private ￰4￱ Turns Wallet Into Full Trading Platform With New “Perps” Tab The rollout marks a major expansion of MetaMask’s trading ￰5￱ can now open long or short positions on popular tokens like Bitcoin, Ethereum, LINEA, and BONK without leaving the ￰6￱ ARE NOW LIVE You can start trading perps on MetaMask ￰7￱ rewards are coming ￰8￱ — ￰9￱ (@MetaMask) October 8, 2025 Funding can be done using any EVM-compatible token, such as ETH, USDT, or BNB, which is automatically converted to USDC for trading without additional swap ￰10￱ said the integration offers the same level of trading performance expected from centralized exchanges but within a fully self-custodial ￰11￱ redesigned mobile interface includes instant trade execution, live market charts, and a suite of risk management tools such as stop-loss, take-profit, and limit ￰12￱ settle within seconds, allowing users to react to price movements on the ￰13￱ begin trading, users must update to MetaMask Mobile version 7.56 or later, then access the new “Perps” tab on the home ￰14￱ funded, traders can open and manage positions with a single tap, monitor them in real-time through push notifications, and close positions ￰15￱ launch comes amid surging demand for decentralized ￰16￱ to DefiLlama, DeFi-based perps trading volumes exceeded $1.14 trillion in September, with platforms like Hyperliquid, Aster, and Lighter driving ￰17￱ Trading Volume) September 19, 2025 References to a “Perps” trading screen and USDC deposit flow indicate users will soon be able to trade leveraged derivatives directly within the MetaMask interface.

Notably, the wallet is entering a new phase of expansion following a series of major ￰18￱ CEO and Ethereum co-founder Joseph Lubin confirmed that MetaMask’s long-awaited token, dubbed MASK, “may come sooner than expected.” The MetaMask token launch "may come sooner than you would expect," says Joe Lubin, CEO of Consensys. #MetaMask #MASKToken #Consensys ￰0￱ — ￰19￱ (@cryptonews) September 19, 2025 Lubin said the token will support the decentralization of MetaMask’s ￰20￱ announcement follows years of speculation and renewed optimism among users anticipating a large airdrop for active wallet ￰21￱ has also launched MetaMask USD (mUSD) , its first native stablecoin, making it the only major self-custodial wallet to issue ￰22￱ stablecoin aims to enhance liquidity and utility across decentralized ￰23￱ August, the wallet introduced social login functionality , allowing users to create or recover accounts using Google or Apple credentials without compromising ￰24￱ feature employs advanced cryptographic techniques, ensuring that neither MetaMask nor login providers can access private ￰25￱ adds Google and Apple login to simplify wallet access, eliminating the need for complex seed phrase management. #MetaMask #Wallet ￰1￱ — ￰26￱ (@cryptonews) August 27, 2025 Together, these developments signal MetaMask’s shift from a simple Ethereum wallet to a full-fledged DeFi hub, integrating trading, payments, and stable assets while preserving user control.