MetaMask has announced that users can now open long or short positions on its Perps platform, which is powered by HyperliquidX. This development integrates decentralized perpetual trading directly into the MetaMask wallet environment, simplifying participation in leveraged trading for both novice and experienced investors without the need to leave the wallet.
Simple Access to Perpetual Trading
Perpetual contracts, or perps, enable traders to speculate on the future price movements of an asset, allowing them to bet on price increases or decreases without directly owning the underlying token. This differs from standard spot trading, where users buy or sell the actual asset. With MetaMask Perps, users have the flexibility to establish long positions if they anticipate a price rise or short positions if they foresee a decline. HyperliquidX is responsible for the execution and liquidity aspects, ensuring that trades are processed swiftly and reliably.
The utility of perpetual contracts is evident in real-world market scenarios. For instance, during a period of significant price volatility around an anniversary event in early 2025, traders utilizing perpetual contracts could capitalize on both upward and downward price trends. This contrasts with spot traders, who typically only profit from price increases. Data from Coingecko indicated that average daily trading volume for Ethereum perpetual contracts reached $1.2 billion during that specific timeframe, underscoring the substantial demand for such flexible trading instruments.
long or short?
open your position on MetaMask Perps. 🦊
powered by @HyperliquidX. pic.twitter.com/0R1JzneBMi
— MetaMask.eth 🦊 (@MetaMask) December 4, 2025
The introduction of Perps on MetaMask is consistent with a broader trend within decentralized finance (DeFi) towards making derivatives trading more accessible. Platforms such as dYdX, Perpetual Protocol, and now MetaMask Perps demonstrate a clear market desire for tools that allow investors to hedge positions, manage risk effectively, and explore leveraged trading opportunities within a secure framework.
MetaMask Card Offers Self-Custodial Spending
MetaMask Card is highlighted as the only self-custodial debit card that supports the Base network. This feature grants users direct control over their funds while enabling them to spend their cryptocurrency. Unlike conventional debit cards that rely on banking institutions or third-party custodians, the MetaMask Card allows users to manage their Base assets directly from their own wallets.
MetaMask Card is the only self-custodial debit card that supports @base. 💙 https://t.co/jI03HPNAf4
— MetaMask.eth 🦊 (@MetaMask) December 3, 2025
This functionality facilitates a seamless conversion and spending of digital assets without compromising user control. It effectively merges the convenience associated with debit cards with the security and autonomy provided by self-custody principles.