Kalshi Pushes Deeper Into Crypto Derivatives With Bitcoin-Backed Margin Loans

A new tri-party lending structure with BitGo lets Kalshi Prime clients borrow against bitcoin to margin perpetual futures. Kalshi is doubling down on its bid to become the regulated U.S. home for crypto perpetual futures, pairing a new bitcoin-backed lending arrangement with digital-asset custodian BitGo alongside a distribution deal that will put its perpetual contracts in front of Webull’s more than 6 million customers. Bloomberg first reported Wednesday that customers of Kalshi Prime, the company’s U.S.-registered futures commission merchant, will be able to borrow against digital assets held at BitGo and use the proceeds to fund margin positions on perpetual…