Webull To Launch Regulated Bitcoin Perpetuals in November

Retail brokerage platform Webull plans to roll out Kalshi’s regulated perpetual futures to eligible American customers starting in November, according to CryptoNews. The offering will initially feature Bitcoin and selected crypto assets, subject to listing requirements and regulatory review.

According to company statements, the products will be accessible through existing Webull Futures accounts for customers approved for derivatives trading. The Commodity Futures Trading Commission approved KalshiEX’s BTCPERP contract on May 29. Kalshi serves as the designated contract market, while Kalshi Klear operates as the registered derivatives clearing organization.

Structure and Margining

Unlike conventional dated futures, perpetual contracts have no fixed expiration date and can remain open as long as margin obligations are met. The contract settles in cash and references Bitcoin’s spot price rather than delivering physical coins to a wallet.

Funding adjustments occur three times daily within the Kalshi application to keep the derivative price tethered to the underlying reference asset. Price exposure, margin thresholds, and funding transfers determine the economic result of each position.

## Key facts

• Webull plans a November rollout for Kalshi perpetual futures for eligible U.S. customers.
• The CFTC approved Kalshi’s BTCPERP contract on May 29.
• Funding adjustments occur three times daily on the exchange app.
• Initial offerings include Bitcoin and selected crypto assets.
• Customers will use existing Webull Futures accounts after approval.