The Bad PlaceUS Top News and Analysis | Polymarket launches trading of heavily leveraged 'perps' contracts
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Polymarket announced that it is expanding into trading perpetual‑futures contracts, a move that follows reports that rival Kalshi also plans to offer crypto perps. These contracts stay open indefinitely, letting traders maintain leveraged exposure and exit at any time if they have sufficient funds. Built on the Ethereum and Polygon blockchains and settled primarily in USDC, Polymarket’s new offering targets the crypto‑savvy user base that helped propel its growth in 2024. By entering the perpetual‑futures market, Polymarket (and potentially Kalshi) will compete more directly with platforms such as Robinhood, Coinbase and Kraken, which have recently added prediction‑market products. The shift comes as centralized crypto exchanges recorded $86.2 trillion in perps volume last year, highlighting strong retail demand for speculative, high‑leverage trading despite a broader slowdown in cryptocurrency price movements.
#Polymarket #Kalshi #Robinhood #Coinbase #Kraken #CoinGecko #CNBC #Ethereum #Polygon #USDC #
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