New in Ledger Wallet™: Perpetual Trading, Provided by Yield.xyz, with Security by Ledger

Before You Dive In

• Perpetual trading (perps) accounts for more than 70% of all centralized exchange trade volume
• Most perpetual trading happens on platforms with limited security that require blind signing, requiring traders to authorize complex transactions they cannot fully read or verify, in environments that were never built for this level of exposure.
• Perps trading is now available via Ledger Wallet™ provided by Yield.xyz, giving you access to Hyperliquid’s deep liquidity and hardware-backed Clear Signing on your transactions, so you always know exactly what you’re authorising before you sign.

Trade Perps Without Leaving The Ledger Ecosystem

Perpetuals are one of the most active segments of crypto trading, with trading volume reaching $61.7T in 2025. Yet most of it currently happens in environments with limited security. Browser wallets and centralized exchanges (CEXs) require blind signing, asking traders to authorize transactions they cannot read. Every time you bridge assets out of the Ledger ecosystem to trade, you expose yourself to the exact risks you bought a signer to avoid.

Bringing perpetual trading to Ledger Wallet™ changes that. Through this new integration, provided by Yield.xyz, you can now access Hyperliquid, one of the most liquid on-chain perps venues in the space, without ever leaving the security of the Ledger ecosystem. Importantly, this brings Clear Signing on your Ledger signer, so you always know exactly what you are authorizing whenever you deposit funds to your trading account or withdraw your funds.

The market has seen what happens when security is an afterthought, from the collapse of FTX to repeated blind signing exploits. What Ledger brings to perps trading is the security infrastructure the market has always been missing. 

The market risk is yours to manage. The environmental risk, from blind signing, hot wallet exposure, and unreadable transactions, no longer has to be.

What Are Perpetual Contracts?

Perpetual contracts (perps) are leveraged trading instruments that let you take long or short positions on the price of an asset, with no fixed expiry on the contract itself. Unlike futures, there is no settlement deadline on perps, and positions stay open until they are closed or liquidated. Experienced traders generally use them to manage directional exposure, hedge positions, or amplify returns.

Perps are among the most actively traded instruments in crypto, with daily volume that consistently outpaces spot trading. That said, perpetual trading is a sophisticated instrument with high financial risk. While no tool can eliminate financial risk, Ledger ensures the technical execution of the perps trade remains secure. 

This integration is built to provide the secure environment of the Ledger ecosystem for experienced traders already active in these markets. Whether you’re an active perps trader seeking to eliminate hot wallet vulnerabilities, or a Ledger user exploring leverage for the first time, this integration gives you access on your terms, with the security of hardware-backed signing at every step. 

What Is Hyperliquid?

Hyperliquid is a high-performance on-chain trading protocol built for perpetual markets, with billions in weekly trading volume and deep liquidity across major assets. It is one of the most liquid and active on-chain platforms for perps trading.

Unlike most DEXs, Hyperliquid uses an on-chain Central Limit Order Book (CLOB) rather than the Automated Market Maker (AMM) model common in DeFi. This mirrors the approach taken by centralized exchanges, delivering comparable execution speed without requiring you to hand over control of your assets.

Traders already active on Hyperliquid through browser extensions or hot wallets can now access the same markets through Ledger, with hardware-level security at every signing step.

For a full breakdown of how Hyperliquid works, check out this article on Ledger Academy.

How to Access Perps in Ledger Wallet™

1. Open Ledger Wallet™ and scroll to the Perpetuals section. Please note, feature availability depends on your region.
2. Select “Trade Perps” and read and accept Yield.xyz’s Terms of Service and risk disclosures.
3. Select Deposit. Ledger Wallet™ will check your accounts and guide you through any setup steps needed, including creating an Arbitrum account if you do not already have one.
4. Deposit USDC on Arbitrum to fund your trading account.
5. Once your account is funded, verify and confirm the deposit on your Ledger signer.
6. Select your market, set your position parameters, and execute your trade.
7. Once confirmed, your funds arrive in your Hyperliquid account, and you are ready to trade. To withdraw, verify, and confirm on your Ledger signer using the same Clear Signing flow.

Secure Trading, Free From Compromise

Buy, swap, stake, earn, and now trade perps, all in one secure environment with Ledger Wallet™.The latest upgrade, Ledger Wallet™ 4.0, brings more clarity, choice, and control to every interaction, from a redesigned portfolio dashboard to native swap integrations with OKX, Velora, 1inch, and NEAR Intents. 

With perps joining the Ledger ecosystem, there is no longer a reason to send assets to a less secure environment to access leveraged markets. Every integration in Ledger Wallet™, from service providers to staking to perpetual markets, is designed to keep you in control, with your Ledger signer as the final authority on every transaction.

Your signer and Ledger Wallet™ work as a unified system. The app acts as a secure gateway, delivering the connectivity and access to these markets, while your signer delivers hardware-rooted security and verification. Together, they give you everything you need to trade with confidence, free from compromise.

Explore Perpetuals in Ledger Wallet™. 

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*Perpetuals trading is speculative and carries substantial risk. Read full disclosure: https://docs.yield.xyz/docs/perpetuals-trading-disclaimer. This service is not intended for users in restricted jurisdictions, including the UK, US, Ontario (Canada), France, and Belgium. Always read and accept the Terms of Service of Yield.xyz before transacting.  

Ledger does not provide any financial advice or recommendation. Crypto transaction services are provided by third-party service providers. Ledger provides no advice or recommendations to use any of these third-party services.