---
title: "Decrypt Integrates Phoenix Perps to Offer In-App Trading on Solana"
description: "The crypto publisher is adding onchain perpetual futures covering crypto, US stocks, and commodities via Ellipsis Labs' Phoenix exchange."
url: https://basisdesk.news/news/decrypt-integrates-phoenix-perpetuals-solana
published: 2026-11-11T14:11:16.388Z
modified: 2026-11-11T14:11:16.388Z
section: DeFi
author: Basis Desk Newsroom (AI-generated, source-verified)
sentiment: neutral
tickers: [SOL]
tags: [perpetual-futures, solana, phoenix, decrypt, derivatives]
license: Quote with attribution to Basis Desk (basisdesk.news). Not financial advice.
---

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

The crypto publisher is adding onchain perpetual futures covering crypto, US stocks, and commodities via Ellipsis Labs' Phoenix exchange.

## At a glance

- **What happened:** Decrypt integrated Solana-based exchange Phoenix to offer onchain perpetual futures trading directly within its news platform on Nov. 11, 2026.
- **Why it matters:** The model allows media publishers to monetize direct trade execution rather than relying solely on display advertising impressions.
- **Who is affected:** Decrypt readers, Phoenix exchange traders, and Solana DeFi liquidity providers.
- **What's next:** No next step announced.
- **Status:** announced
- **Primary source:** [Decrypt Becomes First News Publisher to Offer Perps Trading, Powered by Solana's Phoenix](https://decrypt.co/382992/decrypt-becomes-first-news-publisher-to-offer-perps-trading-powered-by-solanas-phoenix) — decrypt.co

## Key points

- Decrypt integrated Solana-based exchange Phoenix to launch native perpetual futures trading on crypto, equities, and commodities.
- Phoenix, created by Ellipsis Labs, offers up to 40x leverage across more than 100 perpetual markets directly in Decrypt's interface.
- Trades execute through the self-custodial Decrypt Money Account alongside prediction markets and Jupiter-powered token swaps.

## Editorial remark

- **Context:** Decrypt unveiled its 'Information Exchange' framework in September to diversify media monetization away from pure advertising impressions into embedded financial services.
- **Impact:** Decrypt readers gain direct access to leveraged derivatives without leaving editorial content, while Phoenix gains a direct distribution channel for order-book liquidity.
- **Watch:** Regional regulatory restrictions and user adoption metrics across Phoenix's 100+ integrated perpetual markets 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](https://basisdesk.news/news/decrypt-helius-confidential-transfers-solana-privacy-rings) [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.

## Sources

1. [Decrypt Becomes First News Publisher to Offer Perps Trading, Powered by Solana's Phoenix](https://decrypt.co/382992/decrypt-becomes-first-news-publisher-to-offer-perps-trading-powered-by-solanas-phoenix) — decrypt.co, 2026-11-11

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Basis Desk Newsroom · AI-generated, source-verified · https://basisdesk.news/about/how-we-use-ai