Telegram’s Wallet now lets users trade 50x perpetuals across metals, stocks, oil and crypto — all inside the chat
Telegram’s in-app Wallet has rolled out perpetual futures trading inside its encrypted messaging interface, the wallet_tg account announced on X. Built with technical support from derivatives venue Lighter, the new feature lets users open perpetual contracts on more than 50 underlying markets — from gold and oil to major equities and cryptocurrencies — with maximum leverage up to 50x.
What’s new
- Perpetual contracts are now native to Wallet in Telegram, extending the product beyond transfers, swaps and yield products into a full derivatives venue accessible directly from chat. The move further positions Telegram as a Web3 “super app” that combines messaging, custody and trading.
How it works
- The offering uses Lighter’s hybrid stack: off-chain order execution for CEX-like speed paired with on-chain settlement on Ethereum. Lighter says its platform runs non-custodial smart contracts with zk-based verification, intending to keep collateral and liquidations verifiable on-chain while preserving fast execution.
Markets and leverage
- Users can trade over 50 markets spanning commodities, equities, and crypto with leverage up to 50x. Lighter has been expanding beyond crypto-only perps into stock-linked contracts and other asset classes, and this integration brings that multi-asset derivatives engine into Telegram’s wallet environment.
Why it matters
- Perpetual futures are a dominant form of crypto derivatives, concentrating liquidity and price discovery in contracts without expiry. Embedding up to 50x perps in a widely used chat app significantly lowers the barrier to high-leverage trading — increasing convenience but also elevating potential harm if users underestimate risks.
Risks and oversight
- High leverage amplifies funding-rate exposure, liquidation risk, and position-sizing mistakes, especially for retail users. Regulators, including the U.S. CFTC, have been re-evaluating frameworks as leveraged products move beyond specialist exchanges into mainstream interfaces. Embedding perps inside messaging and wallet UX raises fresh questions about consumer protection and compliance.
Bottom line
- Telegram’s Wallet integration with Lighter effectively collapses messaging, custody and high-risk derivatives into a single mini-app. For experienced traders it’s another fast, multi-asset venue; for casual users it’s a clear reminder that one-tap access to 50x leverage comes with commensurate risk.
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