Kalshi and BitGo Launch Bitcoin and Ethereum-Backed Loans for Futures Trading

TLDR Kalshi has partnered with BitGo to let eligible clients borrow against Bitcoin, Ether and compliant stablecoins. Kalshi Katalyst will issue the loans, and BitGo Bank & Trust will hold the pledged assets. Borrowed funds can be used as margin for perpetual futures on Kalshi’s exchange. Kalshi Prime CEO Jeff Bandman says the goal is to let customers “stay in crypto.” Kalshi handled about $1.1 billion in perpetuals trading on Tuesday, according to Bloomberg. Kalshi has partnered with BitGo to offer loans backed by Bitcoin and Ethereum. Eligible clients can use the money to fund leveraged perpetual futures trades. They keep ownership of their crypto while they do it.

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