Decrypt Integrates Perpetual Futures Trading Directly Into News Platform
News platform Decrypt integrates perpetual futures trading
Decrypt is adding perpetual futures trading to its website, making it the first media platform to let readers trade directly alongside its journalism. This feature is powered by Phoenix, an exchange built on the Solana blockchain, which is a digital ledger for recording transactions.
Readers can now take long or short positions on various assets without leaving the site. These assets include cryptocurrencies, U.S. stocks, gold, and pre-IPO companies.
Key features of the new trading integration
- Trading is available 24/7 for crypto, stocks, and commodities.
- Users can access up to 40x leverage, which allows trading with more money than they have in their account.
- The system is powered by more than 100 Phoenix perpetual markets.
- Trading is funded through a single Decrypt Money Account.
Perspective from Decrypt and Phoenix leadership
Ilan Hazan, co-founder of Decrypt, stated that information often moves markets and influences decisions. He noted that publishers typically only capture a small part of the economic activity their news creates because readers usually leave to trade elsewhere. This integration allows readers to move from understanding a story to taking a position in one place.
Kabir Sethi, Head of Business Development at Phoenix, said the partnership closes the gap between reading news and acting on it. Phoenix, developed by Ellipsis Labs, routes trades on the blockchain to find the best prices using its order book and market makers.
Technical details of the trading account
The Decrypt Money Account is a self-custodial account, meaning the user has full control over their funds. It is designed to work on the Solana network without the need for seed phrases, bridging, or gas fees—the costs typically required to process transactions on a blockchain. In addition to perpetual futures, the account funds prediction markets, token swaps, and confidential transfers.
Understanding perpetual futures
Perpetual futures, often called "perps," are contracts that allow traders to bet on whether the price of an asset will go up or down. Unlike standard futures contracts, these do not have an expiration date. They involve the use of leverage, which can magnify both gains and losses. If the market moves against a trader, their positions can be closed quickly, a process known as liquidation.
The goal of the Information Exchange
This update is part of Decrypt's "Information Exchange" vision announced in September. The goal is to create a single destination that combines news, market data, and direct financial participation. By integrating trading tools, the platform aims to let readers react to breaking news stories as they happen.
Sources
Newisty Editorial Team covers technology, cryptocurrency, digital products, online platforms, developer tools and the wider digital economy. Our content is researched from official sources, company announcements, public documentation, market data and other primary or reputable sources. Articles are reviewed and edited before publication for clarity, accuracy and useful context.