Telegram Wallet has integrated perpetual futures trading via Lighter, enabling users to access 50+ markets with leverage.
Telegram Wallet has launched a new feature allowing users to trade perpetual futures directly within the app, thanks to its collaboration with decentralized exchange Lighter.
Introducing Perpetuals in Wallet in Telegram ⚡️
Go long or short in seconds — right inside Telegram.
50+ markets: Metals, Stocks, Oil & Crypto
Up to 50x leverage
Start from $1
— Wallet in Telegram (@wallet_tg) April 2, 2026
This feature allows users to open leveraged positions on over 50 different assets, including popular cryptocurrencies like Bitcoin and Ethereum, as well as commodities and stocks. All trading occurs seamlessly within the Telegram app through a built-in custodial crypto wallet.
The service offers a leverage option of up to 50x, with the integration developed by The Open Platform (TOP), the entity behind Telegram Wallet.
Aiming for a Broader Audience
Unlike traditional exchanges catering to experienced traders, this initiative is designed to appeal to a wider user base, particularly those unfamiliar with derivative trading. The Telegram Wallet already serves tens of millions of users, many attracted through various mini-apps and reward programs.
“Trading perpetual contracts has traditionally required complex interfaces. The direct integration into Wallet simplifies access and lowers the entry barrier for users,” stated Andrey Rogozov, CEO of TOP.
This feature is currently unavailable for users in the U.S. and U.K., with a focus on emerging markets that lack access to conventional brokerage services.
Trends in Perpetual Futures
Perpetual futures, which allow traders to speculate on price movements without an expiration date, now dominate the crypto derivatives market, with monthly volumes exceeding $1 trillion as of late 2025. Among the players in this space, Hyperliquid leads with nearly $7 billion in daily transactions.
Lighter ranks fourth in the perpetual futures market, recently enhancing its offerings with spot trading and perpetual contracts for stocks. The exchange also secured $68 million in funding with a valuation of $1.5 billion in November.
Competition with Centralized Exchanges
While centralized exchanges (CEXs) are pivotal in the crypto landscape, handling over $3 trillion in perpetual futures trades each month, decentralized exchanges are increasingly gaining traction. Hyperliquid has seen its market share rise from 3.5% to over 7% in just a year, with monthly turnover surpassing $200 billion.
This growth comes amid a general decline in exchange activity, suggesting a robust market expansion rather than a fleeting trend. Furthermore, the integration of non-crypto assets like commodities is enhancing the appeal of DEXs, which are increasingly competing with traditional financial markets.
As liquidity increases and instrument variety grows, decentralized futures trading platforms are likely to attract a broader audience, potentially reshaping perceptions of price determination in the stock market, as former BitMEX CEO Arthur Hayes suggested.
