Polymarket has launched a new Perps product offering crypto perpetual futures, according to Decrypt. The platform expanded the product from 10 markets to 67 during its first day, indicating a rapid rollout across its initial offering. Leverage of up to 20x is available, although the maximum applies only to some of the listed markets rather than the entire product. The service is also unavailable to traders in the United States. Perpetual futures are derivatives that do not have a fixed expiration date, while leverage allows traders to control a larger position relative to the capital committed. Polymarket is best known as a prediction market platform, and the Perps launch adds a crypto derivatives product to its offerings. The report did not specify which markets offer the 20x limit or provide additional details on trading conditions.
