Webull to Launch Crypto Perpetual Futures with Kalshi
Webull (BULL) will offer crypto perpetual futures, including Bitcoin (BTC), via Kalshi starting November. The contracts will be listed on CFTC-regulated KalshiEX. Webull plans to expand offerings, subject to regulatory approval. Webull shares are up 5% today at $6.20.
How this was made
The 30-second read
Why it matters
The announcement provides a new revenue stream for both firms and may increase trading volume in regulated crypto derivatives, influencing broker stock valuations and crypto price dynamics.
Market read
First‑time regulated crypto perpetual futures in the U.S. could shift trading flows to compliant platforms, affecting broker stocks and crypto market liquidity.
What to watch
Potential CFTC enforcement actions or market volatility could affect trader adoption.
Background
Webull, a Nasdaq‑listed broker, is expanding its product suite to include crypto‑linked perpetual futures in partnership with Kalshi, following recent CFTC approval of such contracts.
Ticker impact
Webull announced it will launch crypto perpetual futures via Kalshi, a new product line for the broker.
likely upward pressure as traders anticipate higher trading volume and fees
First‑time offering of regulated crypto perps, shares already up 5% intraday.
Bitcoin is the first cryptocurrency offered in Webull's new perpetual futures lineup.
possible modest upside as regulated US traders gain exposure
Launch of regulated futures can attract new capital to BTC.
Ethereum is listed among the additional cryptocurrencies planned for the futures product.
potential modest upside from new regulated exposure
Product is announced but not yet live; impact will be gradual.
Market effects
Adds competitive pressure in the brokerage sector to offer crypto derivatives.
U.S. retail investors gain regulated crypto futures access, potentially boosting overall crypto market liquidity.
Sets a precedent for other U.S. platforms to seek similar regulated crypto products.
Counterpoint
Regulatory scrutiny could delay rollout or limit leverage, dampening the expected upside.
Key entities
- companyWebull
NASDAQ‑listed brokerage launching crypto futures.
- companyKalshi
CFTC‑regulated exchange hosting the futures contracts.
- cryptocurrencyBitcoin
First crypto offered in the new perpetual futures lineup.
