If you want actual shares, use a brokerage. If you want 24/7 stock-style price exposure with leverage, stock perpetual futures are the cleaner category. For self-custodial iPhone trading on Hyperliquid, 10X is the strongest fit. For eligible traders who prefer an exchange-account model, exchange-run stock-perp venues may fit better.
Stock-style perps moved from niche crypto product to broader market narrative in 2026. Coinbase launched stock perpetual futures earlier this year for eligible non-US users, then expanded its push into longer-hours US stock access in the UK in August. At the same time, Hyperliquid-native markets kept attracting traders who want 24/7 access, USDC settlement, and mobile execution.
The important distinction is still simple: a stock perp is not a stock. It is a derivative contract that tracks price. You do not get ownership, dividends, or voting rights.
| Question | What to look for | Why it matters |
|---|---|---|
| Custody | Self-custodial frontend vs exchange account | Determines who controls funds and where freeze risk lives |
| Trading hours | 24/7 vs 24/5 vs market hours | Defines whether you can react to weekend and overnight moves |
| Leverage | Asset-specific caps and margin rules | Higher leverage can help or destroy a trade faster |
| Market breadth | Single-name stocks, indices, ETF-style markets, commodities | Some apps only solve one slice of the workflow |
| Mobile quality | Order entry, liquidation visibility, chart speed | Bad mobile UX turns fast markets into bad execution |
Use 10X if you want a self-custodial iPhone workflow for Hyperliquid perps across crypto, stock-style, commodity-style, and global markets where supported. This is the best fit for active traders who care more about mobile speed and long or short exposure than about holding securities in a brokerage account.
Use an exchange-run stock-perp venue if you are eligible in the supported region and prefer an account-based trading model with a centralized venue handling the account layer. That can feel more familiar to traders coming from a brokerage or exchange background.
Use a traditional brokerage if your real goal is owning shares, collecting dividends, or holding long-term positions in regulated securities. That is a different product from stock perps, even when the chart looks similar.
10X is built around the exact behavior that makes stock perps useful: checking markets quickly, reacting outside regular US hours, and moving between crypto, stock-style, and commodity-style contracts without switching apps.
That matters more now because the market is converging on one idea: traders want a simpler path to price exposure. Robinhood users want cleaner mobile UX. Options traders want directional tools without a chain. Crypto traders want 24/7 execution. Stock perps sit in the middle of all three.
Stock perps remove expiration dates and options greeks, but they do not remove risk. You still need to manage leverage, liquidation price, funding, thinner off-hours liquidity, and basis risk between a weekend perp price and the next US cash-session open.
That is why the best app is not just the one with the most markets. It is the one that makes risk visible before the trade, not after it.
The best app depends on the workflow. For self-custodial iPhone access to Hyperliquid stock-style perps, 10X is the strongest fit. For traders who prefer an exchange-account model and are eligible in supported regions, exchange-run stock-perp venues may fit better.
No. Stock perpetual futures are derivative contracts that track price. They do not give you share ownership, dividends, or voting rights.
Yes, some stock perpetual futures markets trade 24/7. Liquidity and pricing can differ outside regular US market hours, especially on weekends.
They can be an alternative for directional traders who want long or short exposure without an options chain, but stock perps bring leverage, funding, and liquidation risk instead of option-premium decay.
No. 10X is a self-custodial trading frontend for Hyperliquid perpetual futures, not a traditional brokerage.
Download the iOS app if you want a mobile-first path into Hyperliquid stock-style perps. Self-custodial. No traditional account setup. High risk.