Webull to Roll Out Kalshi-Listed Bitcoin Perpetual Futures to US Customers in November

Introduction

Webull, the Nasdaq‑listed online brokerage, announced that it will roll out Bitcoin perpetual futures to eligible U.S. customers in November. The contracts will be listed on KalshiEX, the regulated exchange operated by prediction‑market platform Kalshi, and will be settled through Kalshi’s clearinghouse, Kalshi Klear. This move marks the first time a U.S. brokerage offers crypto perpetuals on a fully regulated, on‑shore venue.

How the offering works

Perpetual futures differ from traditional futures in that they have no fixed expiry date. Instead, periodic funding payments keep the contract price aligned with the underlying asset’s spot price. Webull will integrate these contracts into its existing Futures accounts, meaning customers who are already approved for futures trading can access the new products without opening a separate crypto account. Positions will be subject to margin requirements and automatic liquidation if maintenance levels are breached, mirroring the risk controls used for other futures products.

Regulatory backdrop and partnership with Kalshi

The contracts will trade on KalshiEX LLC, which is registered with the Commodity Futures Trading Commission (CFTC) as a designated contract market. Kalshi Klear LLC, the associated clearing organization, is also CFTC‑regulated. This partnership allows Webull to offer crypto derivatives within a framework that meets U.S. regulatory standards, addressing a long‑standing demand for on‑shore crypto futures. The CFTC approved Kalshi’s Bitcoin perpetual earlier this year, making it the first regulated U.S. exchange to list such a product.

Timeline and future product roadmap

Webull’s rollout begins in November, though the exact launch date and the full list of crypto assets beyond Bitcoin have not been disclosed. The broker expects to broaden access to a larger segment of its customer base before the end of 2026. In addition, Webull has indicated that more perpetual contracts and possibly other derivative products will be added pending further regulatory review and exchange listing requirements.

What this means for investors

For U.S. investors, the launch provides a regulated avenue to trade crypto perpetuals with the familiar interface and risk‑management tools of a traditional brokerage. Traders will benefit from transparent margin requirements, funding rates, and leverage settings, all presented within Webull’s existing platform. However, the inherent volatility of crypto assets and the leveraged nature of perpetual futures mean that participants should be prepared for rapid price swings and the possibility of liquidation.

Practical next steps

1. Check eligibility – Only customers already approved for futures trading can access the new contracts initially. Verify your account status in the Webull app.
2. Review margin and funding details – Familiarize yourself with the specific margin requirements and funding payment schedule for the Bitcoin perpetual.
3. Start with small positions – Given the leveraged nature of perpetuals, consider beginning with modest exposure to gauge how the product behaves in live trading.
4. Monitor regulatory updates – As Webull expands its crypto derivative lineup, stay informed about any changes to product offerings or compliance requirements.

Conclusion

Webull’s November launch of Bitcoin perpetual futures on Kalshi’s regulated exchange represents a significant step toward a more mature, on‑shore crypto derivatives market in the United States. By leveraging existing futures infrastructure and adhering to CFTC regulations, Webull aims to provide investors with a trusted, transparent way to engage with crypto perpetuals while laying the groundwork for a broader suite of products in the years ahead.