Kalshi and BitGo Launch Crypto-Backed Margin Financing…
By Rick Steves
AI summary of the source article
Kalshi Prime and BitGo have launched HODL Margining, allowing eligible customers to borrow US dollars against digital assets held at BitGo Bank & Trust to meet margin obligations on KalshiEX.
Why it matters
The arrangement is designed to let customers fund trading activity without first selling bitcoin, ether or eligible stablecoins.
Key facts
- Loans are issued by Kalshi Katalyst, an affiliate of Kalshi Prime, with BitGo Bank & Trust acting as custodian.
- Pledged collateral remains in segregated client accounts at BitGo while loan proceeds are deposited into Kalshi Prime accounts.
- The arrangement separates custody from trading so customers retain legal ownership of pledged digital assets.
Source excerpt · FinanceFeeds
Kalshi Prime and BitGo have launched HODL Margining , a service that allows eligible customers to borrow US dollars against supported digital assets held in custody and use the loan proceeds to meet margin obligations on KalshiEX. BitGo Bank & Trust is the first custodian in the network. Loans are made by Kalshi Katalyst, a lending affiliate of Kalshi Prime, rather than by BitGo.The arrangement is…