Ledger Expands Hardware Wallet Capabilities with Perps Trading Integration

French hardware wallet provider Ledger has expanded its offerings by integrating decentralized perps venue Hyperliquid's markets into its wallet ecosystem. This move enables users to access leveraged trading directly from their self-custodial wallets, eliminating the need for external platforms.

The integration is made possible through a partnership with non-custodial API Yield.xyz, which supports over 80% of the DeFi market and provides access to various onchain activities. By leveraging Yield's technology, Ledger can offer users a secure way to engage in perps trading while maintaining control over their private keys.

According to The Block's data, Hyperliquid is currently the largest onchain derivatives provider, with around $181 million in total volume last month. This integration marks an expansion of Ledger's existing relationship with Yield.xyz, which already powers its earn and staking features.