Kalshi, one of the largest prediction market in the U.S., has announced a partnership with Coinbase Custody to secure its USDC holdings. The collaboration is designed to provide institutional-grade security for event-based contracts, enhancing trust and transparency for users who trade on the outcomes of real-world events.

This strategic move sees Kalshi leveraging Coinbase's regulated custodial services to protect user funds, a crucial step in building confidence in the burgeoning prediction market sector. By integrating with a leading digital asset custodian, Kalshi aims to solidify its position as a secure and reliable platform for event-based trading.

The partnership signals a growing trend of digital asset companies seeking regulated and institutional-grade infrastructure to support their operations. As the digital asset ecosystem matures, the role of trusted custodians like Coinbase becomes increasingly critical in providing the security and stability necessary for mainstream adoption.

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https://www.coinbase.com/en-ca/blog/Kalshi-prediction-markets-powered-by-USDC-and-safeguarded-by-Coinbase-Custody