Webull to offer Bitcoin perpetual futures to over 6 million clients
Webull (BULL) will offer Bitcoin perpetual futures to its 6M+ clients, partnering with Kalshi, a CFTC-regulated exchange. Launch is set for November 2026, with other crypto assets to follow. Webull's stock saw a positive market reaction, according to research notes.
How this was made

The 30-second read
Why it matters
The launch expands regulated crypto products in the US, likely boosting Webull's trading revenue and increasing Bitcoin's retail exposure.
Market read
First US‑regulated Bitcoin perpetual futures could drive new retail flow into crypto derivatives, benefiting both Webull and Bitcoin markets.
What to watch
Regulatory scrutiny of crypto derivatives may tighten, and the partnership relies on Kalshi's capacity to handle large volumes.
Background
Webull, a Nasdaq‑listed brokerage, is partnering with CFTC‑regulated Kalshi to bring Bitcoin perpetual futures to its client base, marking the first US‑regulated offering of this product type.
Ticker impact
Webull (NASDAQ:BULL) announced it will launch Bitcoin perpetual futures for its 6 million clients, a new regulated product partnership with Kalshi.
likely upward pressure as investors price in new crypto revenue stream
First‑time launch of regulated Bitcoin perpetuals; market expects higher trading volumes and fee income.
The article introduces regulated Bitcoin perpetual futures, increasing institutional access to Bitcoin exposure in the US.
potential modest upside as new US retail flow adds buying pressure
New product expands tradable Bitcoin instruments, but impact depends on client adoption.
Market effects
Accelerates growth of US crypto‑derivatives sector and may spur competitors to seek similar approvals.
Adds regulated crypto exposure for US retail investors, narrowing the gap with offshore markets.
Signals broader acceptance of crypto futures, potentially influencing global crypto‑derivative volumes.
Counterpoint
If funding fees deter long‑term positions, the product could see low utilization, limiting upside for Webull and Bitcoin.
Key entities
- CompanyWebull
Nasdaq‑listed brokerage (ticker BULL) expanding crypto product suite.
- CompanyKalshi
CFTC‑regulated prediction‑market operator providing the exchange venue.
- CryptocurrencyBitcoin
Underlying asset for the new perpetual futures contracts.



