Overview
- Webull and Kalshi announced the partnership on Tuesday, Oct. 20, 2026, and said eligible Webull Futures account holders will get access to Bitcoin and selected crypto perpetuals beginning in November.
- Trades will list on KalshiEX and clear through Kalshi Klear, both CFTC‑regulated entities, so Webull is acting as the retail distribution channel rather than running the exchange or clearing itself.
- Perpetual futures have no expiry and require periodic funding payments to keep positions open, can be liquidated automatically if margin falls under maintenance levels, and futures accounts are not covered by SIPC protections.
- Webull has not disclosed a specific launch date, leverage limits, or fee schedules and says wider product expansion beyond crypto will depend on exchange listings and further regulatory approvals.
- The move follows CFTC approvals earlier in 2026 that opened the US to perpetuals and taps a global market Webull cited as exceeding $90 trillion in annual volume, a change that could shift more retail trading into regulated derivatives while raising consumer risk exposure.