Decrypt announced that it will embed perpetual futures trading directly into its news platform, becoming the first media publisher to let readers open long or short positions without leaving the site. The service is powered by Phoenix, a fully on‑chain perpetuals exchange built on Solana, and will support more than 100 markets covering cryptocurrencies, U.S. equities, gold and pre‑IPO companies. According to Decrypt, the integration is part of its broader “Information Exchange” vision, which aims to combine journalism, data and market participation in a single destination.

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How the integration works

Phoenix routes each trade on‑chain, splitting orders between its order book and market makers to secure the best price, and offers up to 40× leverage with low fees, per the exchange’s website. Users trade through a Decrypt Money Account – a single self‑custodial Solana wallet that eliminates seed phrases, gas fees and cross‑chain bridges. The account also powers Decrypt’s prediction markets, token swaps and Earn products, consolidating all activity under one balance.

Comments from the partners

"Information influences decisions, shapes opinions and moves markets," Decrypt co‑founder and COO Ilan Hazan said in the announcement, noting that the new offering lets the publisher capture more of the economic activity generated by its content. Kabir Sethi, head of business development at Phoenix, added that the partnership “closes the gap between reading the news and acting on it,” highlighting the integration of over 100 perpetual markets within Decrypt’s interface.

What to watch next

The rollout will initially be limited by regional regulations, and Decrypt warns that perpetual futures are leveraged products with high risk of loss. Observers will monitor user adoption, the impact on Decrypt’s revenue model, and whether other media outlets follow suit by embedding on‑chain trading features.