Update
Kalshi Expands Crypto Derivatives with Bitcoin-Backed Loans
Kalshi, a U.S. crypto derivatives platform, is expanding its business with bitcoin-backed loans and a distribution deal with Webull. Kalshi Prime customers can borrow against bitcoin, ether, and eligible stablecoins held at BitGo to support margin positions on Kalshi’s perpetual futures exchange. Kalshi Katalyst, a lending affiliate of Kalshi Prime, will issue loans against assets held at BitGo Bank & Trust. The company also expects to add more custodians to its lending network. Kalshi launched its first U.S.-regulated bitcoin perpetual in June and added gold, silver, and a US500 index contract.