Kalshi Teams Up with Coinbase Custody to Strengthen Market Security

TLDR

• Kalshi has partnered with Coinbase Custody to hold USDC for its event-based prediction markets securely.
• The partnership enhances user security by ensuring their funds are stored safely within trusted infrastructure.
• Coinbase Custody is known for safeguarding billions of dollars in digital assets for major financial institutions.
• USDC plays a crucial role in stabilizing Kalshi’s prediction markets during high-traffic events.
• The partnership comes at a time when trading activity in prediction markets is experiencing significant growth.

Kalshi, the largest regulated prediction market in the United States, has partnered with Coinbase Custody. This collaboration ensures the security of USDC, which powers Kalshi’s event-based contracts. Users will now have greater confidence when trading on Kalshi’s platform, knowing their funds are securely held.

Coinbase Custody Enhances Kalshi’s USDC Security

USDC is a stablecoin that maintains a steady value, making it ideal for event-based prediction markets. With the surge in trading volumes during major economic events, such as inflation reports, security becomes even more important. Coinbase Custody, known for safeguarding assets for major financial institutions, now protects the USDC held by Kalshi’s users.

The partnership with Coinbase Custody ensures that funds held by Kalshi’s users are protected with the same safeguards trusted by global enterprises. Coinbase Custody has a strong track record of protecting billions in digital assets, reinforcing Kalshi’s user base’s confidence. This protection becomes vital when large volumes of transactions occur during key events, such as inflation data releases, when prediction markets often experience heightened activity.

Kalshi’s Growing Popularity in Prediction Markets

As interest in prediction markets continues to rise, Kalshi has seen a significant increase in trading activity. This growth has been fueled by people seeking ways to express their views on real-world outcomes. With Coinbase Custody backing USDC, Kalshi is well-positioned to attract even more participants who value security and stability.

A report from Circle confirms that USDC remains one of the most widely used stablecoins for payments and trading. With this, Kalshi is making strides toward providing a more diverse and secure trading environment.

Coinbase continues to show growth in the crypto space, recently reporting $4.4 billion in trading volume from its COIN50 Perpetual Futures. The platform has also ranked among the top five globally for unique retail traders across 58 countries. This milestone highlights the growing demand for secure and accessible crypto trading products.

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