Webull (NASDAQ:BULL), an online investment platform, today announced the expansion of its cryptocurrency futures offering through an ongoing partnership with Coinbase Derivatives, LLC.
US Webbull users will be able to trade Dogecoin (DOGE), Nano XRP, Nano Solana, Litecoin (LTC), XRP (XRP) and Solana (SOL) futures contracts.
Webull launched futures and commodities trading in March 2024, which expanded access to futures markets and enabled users to further diversify their portfolios and manage risk more efficiently. Through its partnership with Coinbase Derivatives, Webull has combined its advanced trading tools with Coinbase’s cryptocurrency futures offerings, bringing a broader array of products to its users.
“Webbull users are always looking for smart ways to diversify and manage risk, especially in markets as fast-moving as cryptocurrencies,” said Anthony Denier, Group President and CEO of Webull US. “By continuing to support our partnership with Coinbase Derivatives, we are able to offer more opportunities for our clients to invest with confidence, giving them the tools to navigate the evolving digital asset landscape.”
“It’s been amazing to see Webull’s futures business grow with Coinbase Derivatives,” said Boris Ilyevsky, Head of Coinbase Derivatives Exchange. “As we continue to expand our product suite and report record volumes and open interest in futures on major crypto assets as well as Alts, I’m excited to see our partners at Webull Financial expand access to the crypto economy by offering more Coinbase Derivatives Futures to their clients.”
Since smaller contracts require much less margin upfront to open a new position, this offering allows Webbull users to choose contracts and upfront commitments that align with their investment 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 and available to Webbull users on the platform.
To trade cryptocurrency futures, Webbull users must open and fund a Futures account.