Telegram, the messaging app with over 900 million active users, has upgraded its in-app wallet with a new feature. The official Wallet in Telegram X account announced the launch of perpetuals trading, allowing users to long or short more than 50 assets with up to 50x leverage directly in the chat interface. The minimum order size is just $1.
Coverage: Crypto, Stocks, Oil, and Metals
Unlike typical crypto wallets limited to token swaps, this perpetuals section extends to traditional markets. Users can trade not only major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) but also stocks, oil, and metals. The platform offers over 50 markets in total, bridging decentralized finance with conventional assets.
Under the Hood: Powered by Lighter on Ethereum L2
Despite being accessed through Telegram, the trading logic is decentralized. The feature is backed by Lighter, a perpetuals decentralized exchange built on Ethereum Layer 2, ensuring speedy order matching and asset transparency.
How to Use and Risk Considerations
To start, users open the Wallet in Telegram, tap "Trade," and select "Perpetuals." The interface provides real-time tracking of unrealized PnL, used margin, and liquidation price. Take profit and stop loss orders are available, though the team warns that stops may not guarantee execution during extreme volatility. Positions can be closed with one click, with margin and realized profit/loss automatically returned to the wallet.
The official announcement also highlights risks: crypto derivatives and high leverage carry significant danger of total capital loss. Additionally, the service may be restricted in certain jurisdictions due to local regulations.