Kalshi launches Bitcoin-backed margin loans for crypto derivatives on U.S. exchange

Kalshi Prime, a U.S.-registered futures commission merchant, now allows customers to borrow against digital assets held at BitGo to fund margin positions on perpetual futures traded on Kalshi's exchange. Eligible collateral includes bitcoin, ethereum, and stablecoins compliant with the GENIUS Act. This service is available to Kalshi Prime customers and is supported by a distribution deal with Webull, which will offer crypto-linked perpetual futures starting in November to its U.S. customers. Prime CEO Jeff Bandman said the product targets crypto-native traders and businesses, noting unexpected demand from Latin American firms using U.S. dollar stablecoins.