Webull schedules US crypto perpetual futures for November through Kalshi

Webull plans to start offering cryptocurrency perpetual futures to eligible US customers in November, expanding its derivatives range through Kalshi’s exchange and clearing infrastructure. Its 20 October announcement anticipates wider availability before year-end, beginning with Bitcoin and selected other crypto assets.[1]

Customers approved for futures trading will use their existing Webull Futures accounts. Webull Futures LLC supplies the brokerage service, KalshiEX LLC lists the contracts and Kalshi Klear LLC clears them. The announcement names no exact launch day, complete opening asset list or perps-specific commission schedule.[1]

The underlying exchange permission predates this brokerage rollout. The CFTC approved Kalshi’s Bitcoin perpetual contract on 29 May, allowing it to be listed as a futures contract referencing Bitcoin’s spot price. The order requires continued compliance with the applicable rules and does not extend automatically to every possible asset class. Webull’s contribution is a further customer-access channel to that market.[2]

Continuous exposure requires continuing funding

Kalshi’s published Bitcoin specification uses a contract unit of 0.0001 BTC and a US-dollar margin framework, with the CF Benchmarks Bitcoin Real-Time Index as its price reference. Trading is available around the clock apart from maintenance. The venue specification gives brokers a small unit for sizing exposure; account-level leverage and access conditions still depend on the service Webull ultimately enables.[3]

The absence of an ordinary expiry removes the scheduled contract roll, but an open position continues to pay or receive funding. Kalshi calculates this every eight hours, with payments at midnight, 08:00 and 16:00 Eastern time. A positive rate transfers money from long holders to short holders; a negative rate reverses that direction. Funding is a transfer between positions, distinct from transaction charges.[4]

Webull says positions will be automatically liquidated if margin falls below maintenance requirements. That makes the broker’s presentation of collateral, funding rates and liquidation levels part of the product’s operating design. Continuous exposure remains conditional on maintaining the required account resources.[1]

Webull’s existing futures fee guidance separates brokerage commission, clearing, exchange and NFA charges, and shows estimated costs on the order ticket. The November rollout will need its own applicable terms within that framework. For an existing customer, the practical change is a new contract type and cost cycle inside a familiar futures account.[5]

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