MetaMask Launches Perpetual Futures and Rewards Program in Major Platform Expansion

Self-custodial cryptocurrency wallet provider MetaMast announced two major product launches today. First off, perpetual futures (perps) trading is now live on the platform. Secondly, MetaMask Rewards, an exclusive reward program, is set to debut by the end of the month. 

Recent developments by MetaMask show that the company is actively working to become more than a decentralized wallet provider. In addition to developments like creating its own stablecoin (mUSD), moving into perps trading elevates MetaMask closer to becoming an all-in-one platform for decentralized trading. 

“MetaMask was built to give people true ownership of their assets. Now we’re extending that same principle to the world’s most important markets,” said Gal Eldar, Global Product Lead at MetaMask. “This marks another step in transforming MetaMask into an on-chain platform for personal finance.” 

The launch of Perps introduces native perpetual futures trading directly in the MetaMask wallet platform. Decentralized exchange Hyperliquid worked alongside the firm to build the infrastructure for in-wallet trading, allowing users to access one of crypto’s most active markets without relying on centralized exchanges.

“Ultimately, we’re working not just to bring people on-chain, but to create the reasons users will never want to leave.” Gal Eldar wrote.

This development is especially significant because it can greatly increase the level of decentralization in perpetual futures trading. Roughly 75% of all crypto trading volume comes from perps, but the overwhelming majority are limited to centralized exchanges. 

MetaMask’s move into the perps trading market offers millions of investors worldwide the chance to trade crypto without having to rely on a centralized agent. 

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MetaMask Rewards By October 31st

In addition to Perps, MetaMask is rolling out MetaMask Rewards, a seasonal points-based incentive program designed to encourage on-chain activity. 

Users will earn points by swapping tokens, trading perps, referring friends, and spending with the MetaMask Card. Holding mUSD stablecoins will also contribute to point accumulation. Season 1 perks include over $30 million in $LINEA token allocations, trading fee discounts, priority support, and a free year of the MetaMask Metal Card.