Webull, a retail brokerage listed on Nasdaq under the ticker BULL, is partnering with prediction-market operator Kalshi to offer Bitcoin and other cryptocurrency perpetual futures to over 6 million eligible US clients. Trades will execute through KalshiEX LLC, a CFTC-regulated exchange entity, with a launch scheduled for November 2026. Webull previously launched Bitcoin and Ethereum event contracts in September 2026 and plans to expand its product menu pending regulatory approvals. Global perpetual futures volume exceeded 90 trillion dollars in 2025, and this announcement follows the CFTC’s approval of the first US perpetual futures contracts earlier in 2026. For Kalshi, the deal extends its reach beyond its own user base by acting as wholesale infrastructure for a major retail brokerage, while Coinbase received simultaneous CFTC approval, creating direct competition for American traders.
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