Kalshi Pushes Deeper Into Crypto Derivatives With Bitcoin-Backed Margin Loans
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Key Points of the News: Kalshi Prime partnered with BitGo Holdings to allow its institutional clients to obtain crypto-supported loans and finance trading margins. The program supports Bitcoin, Ether and stable currencies that meet compliance standards under a tripartite custody scheme at BitGo Bank & Trust. The platform is ... Read more
Kalshi Pushes Deeper Into Crypto Derivatives With Bitcoin-Backed Margin Loans
Kalshi is doubling down on its bid to become the regulated U.S. home for crypto perpetual futures, pairing a new bitcoin-backed lending arrangement with digital-asset custodian BitGo alongside a distribution deal that will put its perpetual contracts in front of Webull’s more than 6 million customers. Bloomberg first reported Wednesday that customers of Kalshi Prime, the company’s U.S.-registered futures commission merchant, will be able to borr…
Kalshi plans to allow some customers to borrow from Bitcoin, Ether or certain stablecoins to finance margin positions in their perpetual futures. The BitGo deal aims to attract crypto traders without requiring them to sell their assets, although the leverage details have not yet been disclosed.
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