MetaMask Unleashes Perpetuals: The Hidden Gamble

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Today MetaMask unveiled its new perpetuals trading service, a mobile-obsessed venture engineered by Hyperliquid. It promises up to 40x leverage on more than 150 EVM-compatible assets, as if the ledger itself could wink and tell you what to do. 😂

This is not mere tinkering with a wallet; it is a blunt declaration that the firm intends to become a trading republic, a hall where you drift from private keys to make-believe markets. It will stitch itself to Polymarket to offer prediction markets, yet the scaffolding groans under the weight of such ambition. 🤨

MetaMask Pivots with Perpetuals

MetaMask, that quiet pocket-book of private keys, has been gnawing at expansion goals for months, courting partnerships as if building a fortress against forgetfulness. Today, the company presses on with its long march, launching perpetuals trading on MetaMask’s mobile app: a gesture toward grandeur that may yet outrun the clock.

🚨 PERPS ARE NOW LIVE 🚨

You can start trading perps on MetaMask Mobile.

And rewards are coming soon. 🧵👇

– MetaMask.eth 🦊 (@MetaMask) October 8, 2025

The new perpetuals service, MetaMask Perps, is powered by Hyperliquid. It offers contracts based on over 150 tokens, including ETH, BTC, LINEA, XPL, and BONK. EVM compatibility is a handy rule of thumb for determining whether an asset is eligible, as if the universe would yield to such tidy categorization. 😏

According to MetaMask’s press release, the perpetuals contracts are just one component of the firm’s near-term goals. It further confirmed that it plans to launch its own token soon, and the company will launch its new Rewards program in October despite community backlash. A wasp’s nest buzzes louder when money speaks softly. 🐝

Together, the perpetuals trading and other new products will “establish MetaMask as an all-in-one self-custodial trading and investment hub for global finance”, if everything goes according to plan. The dream glitters, and the rails creak. 💼🌐

That is to say, these features are part of a broader pivot, reducing MetaMask’s wallet capabilities as the business’s core focus. A switchblade in a velvet glove, perhaps, or simply another turning of the wheel. 🔄

Polymarket Integration and Safety Concerns

As one of these new services, the company plans to partner with Polymarket, bringing prediction markets to its customers worldwide. These markets will include all the classic betting options on these services, like sports, politics, and token markets. A marketplace for prophecies, where fortune-tellers wear digital masks and call it progress. 🪄

Still, this perpetuals trading idea has earned some backlash from MetaMask’s community. This mobile-first platform will offer incredibly risky trades, with up to 40x leverage, with an immense possibility for trader losses. Is MetaMask’s infrastructure prepared to power these trades, when one technical setback could ruin its users? The orchestra plays, but the hall is full of loose wires. ⚡

Metamask now offers pers, but I’m afraid to try it because what happens if I open a position, I’m in profit, want to close it, but then get stuck in this window for 5 hours and when I finally manage to log in, I’ve already been liquidated?

– wale.moca 🐳 (@waleswoosh) October 8, 2025

In other words, these perpetuals could be the first step to revolutionizing MetaMask, but there are many unanswered questions. Although the firm wishes to become much more than a wallet app, its users still need to actually participate. The lines between caution and dare have never looked thinner. 🧭

If controversies keep piling up, that could hinder on-chain activity. The factory of promises hums, yet the machines cough in the cold dawn.

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2025-10-08 20:08