Webull to launch crypto perpetual futures for U.S. customers in November

Webull to launch crypto perpetual futures for U.S. customers in November
Webull unveils crypto futures

Webull is expanding its derivatives lineup by preparing to offer perpetual futures to U.S. customers from November, beginning with cryptocurrency products. The move follows rising demand for crypto-linked derivatives in the U.S. after regulators approved the country’s first perpetual futures contracts earlier this year.

Highlights

  • Webull will launch crypto perpetual futures for U.S. customers in November, initially focusing on Bitcoin and listing the contracts on the CFTC-regulated KalshiEX LLC.
  • Clients can access perpetual futures through their existing Webull Futures accounts, with Webull planning to add non-crypto derivatives by year-end pending regulatory approval.
  • CEO Anthony Denier cited that global annual volume for perpetual futures will exceed $90 trillion in 2025, underscoring surging U.S. demand since the CFTC approved such contracts.

Crypto derivatives rollout starts in November

As reported by Reuters, Webull said on Tuesday that it has partnered with prediction market operator Kalshi to bring perpetual futures to its U.S. customer base, with the initial rollout centered on Bitcoin and other digital assets.

Perpetual futures, also known as perps, are derivatives contracts without a traditional expiration date, allowing traders to keep positions open indefinitely rather than rolling them into new contracts. Webull said its perpetual futures will list on KalshiEX LLC, an exchange regulated by the U.S. Commodity Futures Trading Commission, and clear through Kalshi Klear LLC, a CFTC-regulated clearinghouse.

Once the product becomes available, customers will be able to access it through their existing Webull Futures account. The company also plans to broaden the offering by year-end and add products beyond cryptocurrency, subject to regulatory review and exchange listing requirements.

Growing U.S. market for perpetual futures

Demand for cryptocurrency derivatives in the U.S. has surged since the Commodity Futures Trading Commission approved the nation’s first perpetual futures contracts earlier this year for Coinbase and Kalshi.

Webull U.S. CEO Anthony Denier said perpetual futures have become a significant part of global derivatives markets, with annual volume exceeding $90 trillion in 2025. The planned launch positions Webull to tap into a fast-growing segment of the digital asset trading market as platforms compete to expand regulated derivatives access for U.S. investors.

In our earlier coverage of Hainan Rubber’s proposed subordinated perpetual securities, we explained how the company aimed to refinance offshore debt via Halcyon Agri-issued notes with features like subordination and the option to defer coupons. We also highlighted the key credit considerations around leverage, liquidity, and implied support, and why these structural terms influenced the rating and risk profile.

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