Webull to Launch Regulated Perpetual Futures for US Traders in November

Webull announced it will roll out perpetual futures contracts to eligible US clients starting in November ¹. The offering expands the retail brokerage's derivatives roster by introducing continuous-exposure contracts without fixed expiration dates to onshore traders ¹. At the time of writing, $BTC traded at $83,234.

Under the arrangement, contracts will be listed on KalshiEX LLC, a Designated Contract Market regulated by the Commodity Futures Trading Commission (CFTC) ¹. Clearing services will be handled by Kalshi Klear LLC, a CFTC-regulated Derivatives Clearing Organization ¹. The rollout will start in November with broader user availability scheduled before year-end ¹. The initial asset slate features $BTC alongside select digital assets, with additional products planned pending regulatory review and exchange listing approvals ¹.

Onshore Market Mechanics

Unlike standard futures, perpetual contracts rely on a periodic funding mechanism rather than fixed monthly expiries to maintain parity with spot index prices ¹. Webull Group President and US CEO Anthony Denier noted that global perpetual futures volume exceeded $90 trillion in 2025, emphasizing demand to bring the instrument into a domestic regulated environment ¹.

Eligible US customers with approved Webull Futures accounts will be able to trade the contracts alongside existing equity, options, crypto, and prediction market holdings ¹. Positions will carry maintenance margin rules and remain subject to funding payments and automated liquidations if margin floors are breached ¹. The product launch comes as retail brokerages expand their domestic crypto derivatives suites, following similar institutional and retail initiatives such as Robinhood's crypto perpetual futures.