Overview
- Wallet in Telegram launched perpetual futures inside the app on Thursday, offering up to 50x leverage across more than 50 crypto, commodity, and stock markets.
- The trading runs on Lighter, an Ethereum‑based decentralized exchange that executes orders off‑chain and settles them on‑chain with zero trading fees.
- The Open Platform built the feature and plans loyalty rewards, referral tools, profit‑and‑loss sharing in chats, copy trading, and later AI trading bots.
- Access focuses on emerging and frontier markets, reaching a wallet base of over 150 million registered users, with the United States and United Kingdom excluded at launch.
- Regulators and consumer advocates are watching the rollout as decentralized perpetuals, which handled nearly $8 trillion in 2025, move into a mainstream wallet used for everyday messaging.