Lighter, a DEX focused on perpetual (perps) trading, has been tapped to power Telegram’s native leveraged trading.

In a statement on the 2nd of April, Wallet in Telegram said that users on the privacy-focused messenger can now trade crypto, stocks, metals, and oil with up to 50x leverage. 

The wallet has seen strong adoption with over 150 million registered users.

About 25 million of these users are considered active, especially in P2P transfers and fiat on-ramps, making Telegram a key crypto trading terminal. The messenger itself has over 1 billion users. 

As such, the integration of Lighter could boost trading volumes on the DEX too. As it stands, this is the primary and largest Lighter integration to date. 

For comparison,…