Wallet in Telegram Launches Perpetual Futures Across More Than 50 Markets
According to the announcement, Wallet in Telegram now lets users trade perpetuals from $1 inside Telegram, with up to 50x leverage across more than 50 markets, though access may be limited in some regions.
Summary
Wallet in Telegram launched perpetuals trading within Telegram, allowing users to open long or short positions from as little as $1. The product supports more than 50 markets and offers up to 50x leverage. It is powered by Lighter, and the service may be unavailable or restricted in certain regions.
Terms & Concepts
- Perpetuals: Derivative contracts with no expiry date that let traders maintain long or short positions continuously, typically using margin.
- Leverage: A trading mechanism that allows users to control larger positions with a smaller amount of capital, increasing both potential gains and losses.
- Long or short positions: Trading strategies that bet on an asset’s price rising or falling, respectively.