Telegram’s in-app crypto wallet has taken a big step into derivatives trading: Wallet in Telegram now offers perpetual futures — with up to 50x leverage — across more than 50 underlying markets, including metals, stocks, oil and major cryptocurrencies. The feature, announced by the wallet_tg account on X, is available inside Telegram’s encrypted chat interface and is powered by Lighter’s hybrid execution-and-settlement stack.
What’s new
- Users can open perpetual contracts on a broad set of assets directly inside the Wallet mini-app, moving the product beyond simple transfers, swaps and yield products that Telegram already supports.
- Maximum leverage is up to 50x, and the offering spans over 50 markets, bringing multi-asset derivatives to Telegram’s large messaging audience.
How it works
- The feature is built with technical support from Lighter, which combines off-chain order execution for speed with on-chain settlement on Ethereum for transparency.
- Lighter runs non-custodial smart contracts and uses zk-based verification; this hybrid model aims to deliver centralized-exchange performance while keeping collateral and liquidations verifiable on-chain.
- Lighter has been expanding its product set — including 24/5 equity perpetuals — and plugging that multi-asset engine into Wallet in Telegram embeds those capabilities into an existing chat and custody experience.
Why it matters
- Perpetual futures are a dominant form of crypto derivatives, concentrating liquidity and price discovery in contracts that never expire. Embedding them into Telegram collapses messaging, custody and high-risk derivatives into a single, one-tap interface — increasing convenience and reach.
- That ease of access comes with elevated risks. High leverage, funding rates, liquidation thresholds and position sizing make robust risk management essential, especially for retail users who may underestimate the dangers of leveraged positions.
- The expansion of leveraged products into mainstream apps is also attracting regulatory attention. U.S. agencies such as the CFTC are reassessing frameworks as perps move beyond specialist exchanges into widely used platforms and wallets.
Bottom line
Telegram’s Wallet is evolving from a basic crypto wallet toward a Web3 “super app” by folding multi-asset, high-leverage derivatives into chat. The move broadens market access and utility but also raises fresh questions about user safety and regulatory oversight as leveraged trading becomes easier and more ubiquitous.
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