NOW Wallet Adds Perpetual Futures and Prediction Markets for Non-Custodial Traders
NOW Wallet, a non-custodial cryptocurrency wallet known for its cross-chain functionality, has introduced support for perpetual futures trading and prediction markets directly within its platform. The update, announced this week, aims to give users access to more advanced financial instruments without requiring them to move funds to a centralized exchange.
Expanding Non-Custodial Trading Options
The addition of perpetual futures—commonly called perps—allows users to speculate on the price movements of various crypto assets with apply, all while retaining control of their private keys. Prediction markets, meanwhile, enable users to bet on the outcomes of real-world events, such as political elections, sports results, or economic indicators, using cryptocurrency.
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Both features have grown significantly in popularity across the broader crypto ecosystem. Perpetual futures now account for a substantial share of trading volume on major decentralized exchanges, while prediction markets like Polymarket have drawn attention for their accuracy in forecasting event outcomes. By integrating these tools, NOW Wallet positions itself as a more comprehensive gateway for DeFi participants who prioritize self-custody.
Why This Matters for Users
For traders, the appeal lies in convenience and security. Instead of juggling multiple platforms—one for spot trading, another for futures, and yet another for prediction markets—NOW Wallet consolidates these activities into a single interface. The non-custodial nature means the wallet provider never holds user funds, reducing counterparty risk that has plagued centralized exchanges in the past.
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Industry observers note that this move reflects a broader trend: wallets are evolving from simple storage tools into full-fledged financial applications. As decentralized finance matures, users increasingly expect to trade, lend, borrow, and speculate without leaving their wallet environment.
Technical Integration and Accessibility
NOW Wallet has not disclosed the specific liquidity providers or oracle systems powering the new perps and prediction market features. However, the company stated that the integration uses existing smart contract infrastructure to ensure transparency and on-chain settlement. The features are available immediately to all existing wallet users via the app’s updated interface.
Conclusion
NOW Wallet’s addition of perpetual futures and prediction markets marks a notable expansion of its service offering, catering to a growing demand for non-custodial access to complex financial instruments. As the DeFi arena continues to evolve, such integrations may become standard for competitive wallets seeking to retain and attract users.
FAQs
Q1: What are perpetual futures in the context of NOW Wallet?
Perpetual futures are derivative contracts that allow traders to speculate on the price of an asset without an expiration date. In NOW Wallet, users can trade these contracts while maintaining full custody of their funds.
Q2: How do prediction markets work inside a non-custodial wallet?
Users can place bets on the outcome of real-world events using cryptocurrency. The outcomes are determined by oracles or community consensus, and winnings are settled on-chain directly to the user’s wallet.
Q3: Is NOW Wallet the first wallet to offer these features?
No, other non-custodial wallets have integrated perps and prediction markets before, but NOW Wallet’s cross-chain compatibility and existing user base make this a significant update for its ecosystem.
