Webull, a digital investment platform, today announced the expansion of its cryptocurrency futures offering with Coinbase Derivatives, LLC, a futures exchange registered with the Commodity Futures Trading Commission (CFTC).
Webbull’s US clients will be able to trade Bitcoin (BTI), nano Bitcoin (BIT), Ethereum (ETI) and nano Ether (ET) futures directly on the Webull platform.
Webull launched futures and commodities trading in March 2024, which expands access and enables users to further diversify their portfolios and manage risk more effectively. Webbull will bring together its advanced trading tools and Coinbase Derivatives cryptocurrency futures offerings for a seamless experience.
“Integrating Coinbase Derivatives’ regulated and trusted 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 CEO of Webull US. “We are proud to extend advanced financial products and services to a wider audience of retail investors.”
“We have studied the design of futures contracts to meet the unique needs of retail traders. Our goal is to create an accessible and inclusive marketplace for everyone,” said Greg Tusar, VP of Institutional Product at Coinbase. “We look forward to Webull’s distribution of our products unlocking even greater access, bringing regulated cryptocurrency futures to a wider audience and further driving the growth of this critical market segment.”
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.
“There is a growing number of retail investors interested in gaining exposure to cryptocurrencies,” said Arianne Adams, Chief Strategy Officer and Head of Derivatives at Webull. “Smaller contracts provide greater access to cryptocurrency futures for Webbull users interested in diversifying their portfolio in this market segment. We look forward to the economic opportunities it will open up for our users.”
To trade cryptocurrency futures, Webbull users must open and fund a Futures account. This offer will be available for US users in the coming months.