Telegram's Wallet Feature Introduces Perpetual Futures Through Lighter Partnership
Through integration with Lighter DEX, Telegram's Wallet feature now offers perpetual futures trading capabilities, allowing users to engage in leveraged trading of cryptocurrencies, commodities, and stocks without leaving the messaging platform.
A third-party wallet that operates directly within the Telegram application, Wallet in Telegram, is introducing support for perpetual futures trading through a partnership with Lighter, a decentralized exchange specializing in perpetuals.
According to an announcement reviewed by Cointelegraph, the perpetual futures feature goes live on Thursday and will be accessible to Telegram users via the integrated custodial offering known as Crypto Wallet.
Users can now establish both long and short trading positions with leverage reaching up to 50× across an extensive selection of over 50 different assets through this integration. The available assets encompass cryptocurrencies like Bitcoin (BTC) and Toncoin (TON), alongside tokenized versions of commodities and equities.
Andrew Rogozov, who serves as CEO of The Open Platform—the entity responsible for developing Telegram-based protocols and applications on The Open Network (TON)—stated that "Perpetual trading has traditionally been intimidating for retail users."
This development brings leveraged derivatives to one of the cryptocurrency industry's most extensive consumer distribution platforms, continuing a broader pattern where perpetual futures migrate from specialized trading platforms into mainstream application ecosystems, despite these financial instruments maintaining their complexity and elevated risk profiles.
Lighter brings leverage inside chat
In October 2025, Wallet in Telegram introduced access to tokenized equities through an xStocks partnership established with Kraken, the US-based cryptocurrency exchange.
Vladimir Novakovski, who founded Lighter and currently serves as its CEO, explained that this integration facilitates virtually instantaneous perpetual trading functionality within the application:
"By integrating perpetual trading into Wallet, users can move from chat to market in seconds, making taking a position as simple as sending a message."
Perpetual futures, commonly referred to as perps, are derivative instruments that provide traders with the ability to speculate on asset price fluctuations without requiring ownership of the actual underlying asset.
Retail derivatives push accelerates further
The deployment of Lighter's perpetual futures functionality on Telegram arrives during a period of substantial expansion in this market segment, with perps experiencing nearly triple the trading volume throughout 2025. Data from CryptoQuant indicates that perpetual futures represented as much as 90% of derivatives trading volumes on leading cryptocurrency exchanges during 2025.
The integration between Wallet in Telegram and Lighter does not mark the inaugural appearance of perpetual futures on the Telegram platform.
Blum, a hybrid cryptocurrency exchange built as a Telegram Mini App, launched a comparable feature in October 2025. As part of Blum's initial offering, the platform provided traders with the capability to establish long or short positions across 20 different assets with leverage options extending up to 100x.