Webull to enrich its crypto futures offering with Coinbase Derivatives
Webull, a digital investment platform, today announced the expansion of its crypto futures offering with Coinbase Derivatives, LLC, a futures exchange registered with the Commodity Futures Trading Commission (CFTC).
Webull clients in the U.S. will be able to trade futures contracts for Bitcoin (BTI), nano Bitcoin (BIT), Ethereum (ETI), and nano Ether (ET) directly on the Webull platform.
Webull launched futures and commodities trading in March 2024, which expands access and grants users the ability to further diversify their portfolios and manage risk more effectively. Webull will be bringing its advanced trading tools and Coinbase Derivatives’ crypto futures offerings together for a seamless experience.
“Integrating Coinbase Derivatives’ regulated and reliable framework into the Webull platform will open up more opportunities for Webull users to gain exposure to digital assets,” said Anthony Denier, Group President and U.S. CEO of Webull. “We take pride in extending advanced financial products and services to a wider audience of retail investors.”
“We’ve been deliberate in designing our futures contracts to meet the unique needs of retail traders. Our goal is to create an accessible and inclusive marketplace for all,” said Greg Tusar, VP of Institutional Product at Coinbase. “We look forward to Webull’s distribution of our products unlocking even more access, bringing regulated crypto futures to a broader audience and further advancing the growth of this critical market segment.”
Since smaller-size contracts require much less margin upfront to open a new position, this offering enables Webull users to choose contracts and upfront commitments that align with their investing goals. Coinbase Derivatives follows a 23 hours a day, 6 days a week, trading structure. Real-time market data provided by Coinbase Derivatives is free of charge and available to Webull users on the platform.
“There is a growing number of retail investors who are interested in gaining crypto exposure,” said Arianne Adams, Chief Strategy Officer and Head of Derivatives at Webull. “Smaller-size contracts provide greater access to crypto futures for Webull users interested in diversifying their portfolio in this market segment. We look forward to the financial opportunities this will open up for our users.”
To trade crypto futures, Webull users must open and fund a Futures account. This offering will be available for U.S. users in the coming months.