Prediction market Polymarket has launched perpetual futures contracts that cover 10 cryptocurrencies and offer 20 times leverage to investors.

The 10 cryptocurrencies include Bitcoin (CRYPTO: $BTC), Ethereum (CRYPTO: $ETH) and Hyperliquid (CRYPTO: $HYPE), as well as several smaller digital tokens. 

Users of the new perpetual futures contracts can open either long positions that gain when the cryptocurrency’s price rises, or short positions that gain when prices fall. 

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Polymarket has set the highest available leverage at 20 times. Leverage lets a user control a position worth more than the posted collateral. 

At 20 times leverage, each $1 borrowed and…