Polymarket Launches Perpetual Futures Contracts With Up to 20x Leverage
Prediction market platform Polymarket has introduced perpetual futures contracts for ten cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and Hyperliquid (HYPE). These contracts offer up to 20 times leverage, allowing investors to control larger positions with less collateral. The feature enables both long and short trading strategies without an expiry date. The platform emphasizes deep liquidity and low fees for the new product but warns of risks associated with high leverage, which can amplify losses as well as gains. Polymarket stated it will liquidate trades if a user's available collateral drops due to adverse price movements. While this expansion may attract more traders seeking exposure or speculation opportunities in crypto markets, experts caution about potential portfolio blowups from leveraged trading. Polymarket remains privately held and does not have publicly traded shares.
Topics: cryptocurrency futures trading leverage prediction markets