Polymarket Adds Crypto Perps With Up to 20x Leverage

Polymarket has entered the crypto perpetual futures market, adding a leveraged derivatives product that quickly expanded from 10 markets to 67 on its first day. The launch marks a notable broadening of the prediction market platform’s trading stack as it seeks to capture more active crypto traders.

The new Perps offering includes leverage of up to 20 times on certain contracts, though not all markets carry that maximum. The product is not available to U.S. traders, limiting its immediate reach in the largest retail market.

The expansion comes as crypto trading activity remains elevated and market sentiment continues to lean risk-on. With the Fear and Greed Index at 74, traders appear receptive to higher-beta products, particularly those that offer directional exposure without requiring spot ownership.

Polymarket’s move also underscores the continued convergence between prediction markets and crypto-native derivatives. By widening its market list so quickly, the platform is signaling demand for faster product iteration and more granular trading opportunities.

Still, leveraged perpetuals introduce meaningful risk. Even moderate price swings can trigger liquidations, and the absence of U.S. access means the platform will rely on offshore and non-U.S. liquidity to build depth.