The P2P Foundation has announced the launch of a permanent trading bot integrated with Telegram that allows users in Argentina, Mexico, Venezuela, and Colombia to open leveraged positions in cryptocurrencies directly from their messaging application without having to download additional applications or manage recovery phrases.
The service operates on the Base network, Layer 2 of Coinbase. Uses Avantis protocol as contract liquidity infrastructure.
The organization, which last year developed an exchange ramp between local currencies and USDC in emerging markets, said the flow does not require users to have an existing wallet. If you type perps.p2p.lol, the system will automatically generate an account on Base and cover your gas costs.
The company describes its process in four steps:
- Create a wallet.
- Authenticate your bot using a limited range of keys.
- Buy USDC via Pix, UPI, or other local systems.
- Position open.
P2P Foundation Specifies that the key delegated to the bot only allows opening and closing positions in Avantisbut cannot access the transfer of funds.
The product offers up to 25x leverage on four available assets: Bitcoin (BTC), Ether (ETH), Solana (SOL), and Gold. launch This is part of a broader trend of incorporating derivatives into messaging platforms..
As reported by Criptonoticias, Telegram wallet in April enabled perpetual futures trading with up to 50x leverage in more than 50 markets including cryptocurrencies, metals, oil, and stocks. All of this is made possible by the Lighter decentralized exchange infrastructure.
However, there are also some operational risks
P2P Foundation Announcement Does not specify a storage model for the generated wallet’s master key Automatically for new users.
The organization describes what the bot can do, namely open and close positions; It does not elaborate on who controls the keys of the underlying wallet. It is also unclear what recovery mechanisms exist if users lose access.
This point represents an important difference when compared to the self-custody model as described by Telegram Wallet. The self-custody model operates under a custodial scheme where the platform manages private keys on behalf of the user and does not provide a recovery phrase. Simplifies use but implies Similar risks as centralized exchanges.
P2P Foundation claims to combine local payment ramps with leverage measures. Solving what the company calls the “last bulwark” between local currencies and decentralized finance.
However, in its announcement, the group did not warn of the risk of liquidation for users accessing the product. No previous trading experience Apply leverage.
However, the launch of the P2P Foundation represents an important step in the accessibility of leveraged trading. in Latin America. By integrating Perpetual Contracts directly into Telegram, organizations eliminate traditional technical barriers such as wallet management and recovery phrases, making it easier for users in Argentina, Mexico, Colombia, and Venezuela to access financial derivatives.
The success or failure of this initiative could set an important precedent for how complex financial products are developed in emerging markets.
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