Webull to Launch Bitcoin Perpetual Futures for 6M+ US Clients
Webull plans to offer Bitcoin perpetual futures to its 6 million-plus US brokerage customers beginning in November, partnering with regulated derivatives provider Kalshi. The move marks a significant expansion of regulated crypto derivatives access for retail US traders.
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What Webull Is Launching
Webull announced plans to offer Bitcoin perpetual futures contracts to eligible customers on its brokerage platform starting in November. The contracts will be powered by Kalshi, a regulated derivatives provider, and will be available to over 6 million existing Webull clients in the United States.
How the Contracts Work
Unlike standard futures that expire on set dates, Bitcoin perpetual futures have no expiration. Instead, funding rates, margin requirements, and clearinghouse rules determine the cost of holding a position and when it may be closed. This structure is common in offshore crypto derivatives markets but has been rare in regulated US retail offerings.
Market Context
Webull's move represents an attempt to bring regulated perpetual futures trading to mainstream US brokerage accounts, potentially challenging the dominance of offshore derivatives platforms and expanding the US market for crypto derivatives. The partnership with Kalshi, which operates under regulatory oversight, positions the offering as a compliance-first approach to a product type that has historically operated in less-regulated venues.
Why It Matters
For Traders
A regulated US platform offering perpetual futures reduces friction for retail traders previously forced to use offshore exchanges, though funding rates and margin mechanics will still drive position costs.
For Investors
Mainstream brokerage access to perpetual futures signals growing regulatory acceptance of crypto derivatives and may attract institutional retail capital that previously avoided offshore venues.
For Builders
Kalshi's regulatory framework becoming available at scale on US retail platforms could establish a template for how other derivatives products migrate from offshore to compliant domestic infrastructure.
This article is for information only and is not financial advice. Read the full disclaimer.
