BitGo-Held Bitcoin and Ether Will Secure Perps Margin Loans for Some Kalshi Prime Clients
By Unchained
AI summary of the source article
Kalshi Prime clients can now borrow against Bitcoin, Ether, and stablecoins held at BitGo to margin perpetual futures. The arrangement allows clients to maintain crypto exposure rather than selling assets to raise cash.
Why it matters
The arrangement "lets its clients keep their crypto exposure rather than selling coins to raise dollars for margin."
Key facts
- Kalshi Katalyst will extend margin loans to Kalshi Prime clients against Bitcoin, Ether, and stablecoins held at BitGo Bank & Trust.
- Eligible collateral includes stablecoins that meet the requirements of the GENIUS Act, the US stablecoin law.
- In September, Kalshi clearinghouse Kalshi Klear applied to the CFTC to offer margin on certain event contracts.
Source excerpt · Unchained
Some Kalshi Prime clients will be able to fund margin on the prediction market's perpetual futures with loans from a lending affiliate, secured by crypto in BitGo custody, the company reportedly said in a statement. The post BitGo-Held Bitcoin and Ether Will Secure Perps Margin Loans for Some Kalshi Prime Clients appeared first on Unchained .