Kalshi to allow users to borrow against crypto assets like BTC and ETH to trade perpetual contracts

October 21 — According to Bloomberg, prediction market platform Kalshi will partner with digital asset custodian BitGo to allow some customers to borrow using crypto assets as collateral and use the funds for futures margin trading on the Kalshi exchange.

Specifically, Kalshi Prime customers can obtain loans through its affiliated lending institution Kalshi Katalyst, using digital assets held at BitGo Bank & Trust as collateral. Supported collateral assets include Bitcoin, Ethereum, and stablecoins that meet the relevant requirements of the U.S. GENIUS Act. Kalshi Prime CEO Jeff Bandman said the company plans to introduce more custodians in the future.