Decrypt Integrates Phoenix Perps to Offer In-App Trading on Solana

Cryptocurrency media outlet Decrypt is introducing perpetual futures trading directly into its publication interface through an integration with Phoenix, a decentralized perpetuals exchange built on $SOL ¹. The deployment positions Decrypt as the first news publisher to allow readers to execute leveraged derivatives trades natively alongside editorial coverage ¹.

The integration enables users to open long or short derivative positions across crypto assets, equities, gold, and pre-IPO instruments without navigating away from the publication ¹. Phoenix, developed by Solana development team Ellipsis Labs, routes trades across an onchain order book and market makers while offering up to 40x leverage ¹. According to Phoenix Head of Business Development Kabir Sethi, more than 100 perpetuals markets will be accessible through the media outlet's interface ¹.

Unified Account Structure

The derivatives functionality operates through the Decrypt Money Account, a self-custodial account framework on Solana that requires no seed phrases, gas fees, or bridging ¹. A single account balance underpins the publication's broader financial hub, which includes Jupiter-routed token swaps, prediction markets, yield products, and confidential transfers enabled by Helius ¹.

Decrypt co-founder and COO Ilan Hazan stated that the move addresses publisher monetization inefficiencies, noting that media platforms traditionally capture only advertising impressions while third-party venues monetize trade execution when news catalysts break ¹. The initiative extends Decrypt's "Information Exchange" strategy first outlined in September, which seeks to convert readers from passive consumers into onchain market participants ¹. At the time of writing, SOL traded around $84.43.