Webull to Launch Bitcoin Perpetual Futures With Kalshi in November

Webull will begin offering perpetual futures to eligible US customers in November, starting with Bitcoin and a small set of other crypto assets, according to Financemagnates. The broker said it expects a wider menu before year-end but has not set a specific launch day.

Customers already cleared for futures will reach the contracts through their existing Webull Futures accounts. The product sits alongside conventional futures, stocks, options, cryptocurrency and prediction markets on the platform, adding another leveraged instrument to a menu that has been widening through 2026.

Also read: CFTC Relief Turns Coinbase's 25-Year Index Futures Perpetual

Key facts

• Contracts will be listed on KalshiEX, a designated contract market regulated by the Commodity Futures Trading Commission, and cleared through Kalshi Klear.
• Global perpetual futures trading volume topped $90 trillion in 2025, according to Anthony Denier, Webull’s Group President and US CEO.
• The CFTC approved Kalshi’s Bitcoin perpetual futures contract in May 2026.
• Cryptobriefing reported the October 20, 2026 announcement covers more than 6 million Webull clients and that the company trades on Nasdaq under the ticker BULL.
• In September 2026, Webull launched event contracts tied to Bitcoin and Ethereum, per Cryptobriefing.

A brokerage channel for Kalshi’s derivatives

The arrangement splits the plumbing: Kalshi supplies the exchange and clearing infrastructure, while Webull supplies distribution and the client base. That differs from the build-it-yourself approach taken by Coinbase, which also received CFTC approval for perpetuals in the same wave and carries its own customer relationship directly, Cryptobriefing noted.

Kalshi’s own product line has moved beyond crypto. On 6 October it launched a perpetual contract referencing the MerQube US Large Cap Index and covering the 500 largest US-listed and US-domiciled companies. Webull has confirmed only crypto contracts for the first rollout and has not said whether that US 500 contract or other non-crypto perpetuals will be reachable through its platform.

Also read: SEC Official: Four Exchanges May List Perpetual Futures

Denier framed access as a matter of geography rather than novelty. In a statement carried by Financemagnates, he said that as the market keeps growing, US investors should be able to reach perpetual futures through a regulated venue they already use, bringing a product with significant global adoption into the US regulated futures market.

What perpetuals cost a holder

Perpetual futures carry no fixed expiry, so there is no need to roll a position into a replacement contract. The trade-off is a periodic funding payment, where traders on one side of the market pay those on the other depending on whether the contract trades above or below spot. Webull also warns that positions can be automatically liquidated when margin drops below maintenance requirements, and that futures accounts are not protected by the Securities Investor Protection Corporation.

The company said further products would follow, subject to regulatory review and exchange listing requirements. Cryptobriefing described the market reaction to the announcement as positive, framing it as investor optimism about Webull’s expanding crypto capabilities; that report did not include specific stock price figures.

Why it matters

Perpetual futures have long been the default instrument on offshore crypto derivatives venues, and bringing them onto a CFTC-regulated venue with a familiar retail front end lowers the operational barrier for US traders who would otherwise need an account abroad. For Kalshi, the deal turns a prediction-market operator into wholesale infrastructure for a large brokerage, extending its reach well past its own user base. For Webull, it widens a product ladder that already runs from spot crypto to event contracts to conventional futures.

What to watch

The concrete next milestone is the November rollout itself and whether Webull fixes a launch date. How many of its US futures-approved customers actually trade a product carrying funding fees will indicate whether regulated perpetuals can draw meaningful volume from a market that recorded more than $90 trillion in activity last year. Any extension to non-crypto Kalshi contracts would be a separate decision subject to listing and regulatory review.

This article is for information only and is not financial advice. Crypto and derivatives markets are volatile and uncertain, and leveraged positions can lose more than the amount committed.

Written by

Emily Torres

Emily Torres covers cryptocurrency and decentralized finance for StockPil, tracking blockchain markets and regulatory developments.

Sources: Finance Magnates, Cryptobriefing