Decrypt Becomes First News Publisher to Offer Perps Trading, Powered by Solana's Phoenix

What happens when the place you read the news becomes the place you act on it?

The news that moves markets and the tools to trade them have long lived in separate places. Decrypt is bringing them together.

Decrypt is integrating perpetual futures trading, powered by Phoenix, a fully onchain perpetuals exchange on Solana, making it the first media platform to offer perps trading directly alongside its journalism.

Readers will be able to take long or short positions on crypto, stocks and commodities from the same place they follow the news that moves them, without switching apps, connecting external wallets or moving funds between platforms.

"Information influences decisions, shapes opinions and moves markets," said Ilan Hazan, co-founder and COO of Decrypt . "A reader might discover an opportunity through a publication, develop a view and then leave to act on it somewhere else. The publisher monetizes the impression, while someone else monetizes the transaction. It means the publisher captures only a small part of the economic activity that its information and distribution generates."

Rather than treating media and financial products as separate businesses, he said, Decrypt is bringing them together. "We're allowing readers to go from understanding what's happening in the markets to taking a position, without leaving Decrypt ."

"Partnering with Decrypt closes the gap between reading the news and acting on it," said Kabir Sethi, Head of Business Development at Phoenix. "With over 100 Phoenix perpetuals markets built directly into Decrypt, readers can take in a story, form a view, and trade it in the same place. We are excited to help play a part in transforming Decrypt into a true information exchange."

Perpetual futures, or perps, are contracts that let traders bet on an asset's price rising or falling without an expiry date, typically using leverage. Leverage magnifies both gains and losses, and positions can be liquidated quickly when markets move against them.
Introducing The Information Exchange on Solana, Powered by Decrypt and MYR

Phoenix offers markets in crypto, U.S. stocks, gold and pre-IPO companies around the clock, with up to 40x leverage and low fees, according to its website. It is developed by Ellipsis Labs, a team that has built exclusively on Solana and whose CEO, Eugene Chen, has described perps as having "crazy product market fit."

"These are very, very strong, high revenue businesses, probably some of the best in the industry," Chen said of perps exchanges in a podcast interview with Blockworks' Lightspeed earlier this year. Phoenix routes each trade at the moment it lands onchain, splitting it between its order book and market makers "based on what's going to give you the best price," he explained.

One account, every market

Perps trading runs through the Decrypt Money Account, a single self-custodial account on Solana designed to work without seed phrases, gas fees or bridging.

One balance now funds it all: prediction markets on Decrypt Predict, Jupiter-powered token swaps, Earn and, now, perpetual futures. Users can also send funds privately, after Decrypt added confidential transfers through Solana infrastructure firm Helius.
Decrypt Money Account Gets Confidential Transfers With Solana Privacy Firm Helius

Imagine reading about a public company's earnings and taking a position on its stock, at any hour. Or following a breaking story about Bitcoin and going long or short in the same moment.

From information to execution, in one place.

The Information Exchange

Announced in September, The Information Exchange is Decrypt 's vision for the next generation of financial media: a single destination bringing together news, intelligence, market data, probabilities, direct financial participation---with perps forming the latest building block in that infrastructure.

News moves markets. Now readers can move with it.
Perpetual futures are leveraged products and carry a high risk of loss. Availability may vary by region.

This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.