Critics of Phantom’s simplified futures trading feature argue that its ease of access could lead inexperienced users to engage in high-risk leveraged trading without understanding potential losses.

Quotes that support claims

The accessibility could be a double-edged sword. On one hand, it lowers the barrier for non-professionals to engage with leveraged markets, which have historically been dominated by hedge funds and algorithmic traders. On the other, it introduces the risks inherent to derivatives, such as liquidation, funding fees, and amplified losses, to an audience that may not fully understand the mechanics.

By putting derivatives just a few taps away, Phantom might also bring these risks to a new generation of unprepared users.