Webull to debut crypto-linked perpetual futures in November

Oct 20 (Reuters) - Online ‌trading platform ​Webull ​said on Tuesday it has partnered with prediction market operator Kalshi to offer ‌perpetual futures to US customers from November, ⁠starting with cryptocurrencies.

Here are more details:

• Perpetual futures, or ‌perps, are derivatives that ‌lack a traditional expiration date, allowing traders to hold positions indefinitely without rolling over contracts

• Demand ​for cryptocurrency derivatives in the United States has surged since the Commodity Futures Trading ⁠Commission approved the country's first perpetual futures contracts earlier this year ​for crypto exchange Coinbase and prediction market Kalshi

• Webull's perpetual futures will list on ​KalshiEX LLC, an exchange ‌regulated by the US Commodity Futures Trading Commission, and clear through Kalshi Klear ⁠LLC, a CFTC-regulated clearinghouse

• The rollout will begin with Bitcoin and other crypto assets, before expanding more ⁠widely by year-end

• The company plans additional products beyond ​cryptocurrency, subject to regulatory review and exchange listing requirements

• "Perpetual futures have become a significant part of global derivatives markets, ‌with annual volume reaching more than $90 trillion in 2025," Webull US CEO ‌Anthony Denier said

• Once available, Webull customers will ⁠be able to access ‌the offering via ​their existing Webull Futures account

(Reporting by Pritam Biswas in Bengaluru; Editing by Vijay ‌Kishore)

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