Ledger Brings Hardware-Level Security To Perpetual Trading In Its Wallet App

Ledger has begun rolling out perpetual trading within Ledger Wallet, bringing hardware-level security to leveraged crypto trading for what the company describes as the first time.

The feature, provided by Yield.xyz with HyperLiquid as the underlying venue, enables users to access on-chain perpetual markets without moving assets out of hardware protection or giving up control of their private keys. Every transaction, including deposits and withdrawals, is clear-signed and verified through Ledger’s secure hardware.

The rollout is progressive, starting with an initial 20 per cent of users in select regions, with broader availability to follow.

Addressing a security gap in a large market

Perpetual trading is one of the largest and most active segments in crypto, with an estimated market exceeding US$90 trillion and daily trading volumes that consistently surpass spot markets. HyperLiquid, the decentralised perpetual exchange underpinning the new feature, processed more than US$8 billion in daily volume in early 2026.

Despite that scale, most perpetual trading activity takes place in environments that expose users to security risks. These include browser wallets, centralised exchanges and workflows that require blind signing – where users approve transactions without being able to verify what they are authorising.

Ledger’s integration is designed to resolve that trade-off by keeping assets within the hardware-secured wallet throughout the trading process.

Self-custody meets leveraged trading

JF Rochet, Executive Vice President of Consumer Services at Ledger, framed the launch around the gap between how traders secure their assets and how they access markets.

“With the launch of perpetual trading in Ledger Wallet, we’re bringing hardware-grade security to one of crypto’s fastest-growing segments,” Rochet explained. “Ledger ensures that users who choose to trade in these markets can do so directly using their self-custodial wallets, without compromising control of their assets.”

The company argued that while experienced traders understand and actively manage the risks of leveraged markets, the security risks associated with trading environments – software wallet exposure, browser vulnerabilities and lack of transaction visibility – remain underappreciated.

By removing the need to move assets out of secure hardware to access perpetual markets, Ledger allows users to maintain control over their private keys and interact directly with on-chain protocols. The company positioned this as resolving the dilemma of securing assets with hardware wallets only to expose them during active trading.

How the integration works

Through the Ledger Wallet interface, users interact with a new perpetual trading environment provided by Yield.xyz. HyperLiquid serves as the underlying venue, providing on-chain liquidity.

The key differentiator Ledger is highlighting is clear signing – the ability for users to see and verify the details of every transaction on their hardware device before approving it. This contrasts with blind signing workflows common in other perpetual trading environments, where users approve transactions without full visibility into what is being executed.

Availability and disclaimers

The feature is rolling out progressively to a limited subset of users, with broader availability expected to follow.

The service is not available to users in restricted jurisdictions, including the UK, US, Ontario (Canada), France and Belgium. Ledger noted that perpetuals trading is speculative and carries substantial risk, and that the company does not provide financial advice or recommendations. Crypto transaction services are provided by third-party service providers.

About Ledger

Founded in 2014 and headquartered in Paris, Ledger has sold more than 8 million hardware signers across more than 165 countries. The company estimates that close to 30 per cent of bitcoin and more than 30 per cent of dollar stablecoins held by retail investors are secured by its devices. The company’s security research team, Ledger Donjon, focuses on identifying vulnerabilities across the digital asset space.

Last Updated on May 9, 2026 by Nick Ross