Decrypt to Add Phoenix Perpetual Futures to Solana Money Accounts

Decrypt plans to integrate Phoenix perpetual futures into its Solana-based Money Account, adding more than 100 leveraged markets to a product that sits alongside the crypto media outlet's journalism, according to the company's Nov. 11 announcement. No launch date was disclosed.

The planned markets cover crypto, U.S. stocks, gold and pre-IPO companies, and will trade around the clock. Leverage varies by market and can reach 40x. Users will be able to take both long and short positions.

What are the mechanics?

Perpetual futures have no expiration date, so positions carry no set end date. Leverage magnifies both gains and losses, and an adverse price move can trigger liquidation, which closes the position.

The stock contracts carry a caveat that matters for anyone expecting equity exposure: Phoenix stock contracts track prices but confer no shares, voting rights or dividends. They provide price exposure, not ownership.

How does this fit Decrypt's product stack?

Decrypt launched Money Accounts on Solana in October. The account is self-custodial and uses a shared Tether (USDT) balance across products. Decrypt does not hold users' private keys or transact on their behalf; private-key export is planned as a later feature.

The Phoenix integration extends The Information Exchange, a platform Decrypt introduced in September that combines news, market data, prices, probabilities and financial participation. Perpetual futures were among its planned products. Decrypt also announced Jupiter-powered token swaps in October, making Phoenix perps the latest trading feature in the platform's rollout.

The move puts trading directly inside the same service as Decrypt's journalism, a structural shift for a publisher. Decrypt co-founder and Chief Operating Officer Ilan Hazan framed the business rationale plainly: "The publisher monetizes the impression, while someone else monetizes the transaction."

Decrypt did not disclose trading fees or any revenue-sharing arrangement with Phoenix.

Will U.S. users get access?

That remains unresolved. Access may vary by region, and U.S. availability for the Decrypt integration has not been established. Phoenix's own terms exclude U.S. persons from its interface and app — but those restrictions govern Phoenix's services and do not determine whether the separate Decrypt integration will be open to U.S. users.

The distinction matters. A publisher-side integration could route exposure differently than Phoenix's first-party front end, but nothing in the announcement settles the question. With no launch date published, the compliance picture for U.S. readers — and the regulatory posture toward levered stock and pre-IPO tracking contracts more broadly — remains the open variable to watch as the rollout proceeds.