Crypto wallets expand into DeFi hubs as swaps and yield move in-app

Crypto wallet providers have brought trading, lending, and payments into their apps, with Phantom charging 0.85% on most swaps and MetaMask advertising up to 4% variable annual yield through Money Account. Summary Phantom and MetaMask charge swap fees, while Jupiter separates routing costs from additional wallet charges. MetaMask’s Money Account combines stablecoin yield, card spending and trading through one balance. Jupiter’s Auto-Earn deposits selected stablecoins into lending vaults, with separate controls for each token. Gasless transactions can deduct network costs from traded tokens rather than remove the fee. U.S. tax guidance treats crypto exchanges differently from transfers between a user’s own wallets. MetaMask, Phantom and Jupiter describe products that combine self-custody with financial services, although their documentation shows different approaches to trade execution, lending and transaction fees. According to MetaMask’s Money Account guidance, users retain control of their funds while deposits earn returns through third-party DeFi platforms. Phantom’s swap documentation lists trading costs inside its app, while Jupiter describes a Solana wallet connected to its o...