Webull (NASDAQ:BULL), an online investment platform, today announced the expansion of its crypto futures offering through an ongoing partnership with Coinbase Derivatives, LLC.
Webull users in the U.S. will be able to trade futures contracts for Dogecoin (DOGE), Nano XRP, Nano Solana, Litecoin (LTC), XRP (XRP) and Solana (SOL).
Webull launched futures and commodities trading in March 2024, which expanded access to futures markets and granted users the ability to further diversify their portfolios and manage risks more effectively. Through its partnership with Coinbase Derivatives, Webull combined its advanced trading tools with Coinbase’s crypto futures offerings, bringing a broader product lineup to its users.
“Webull users are always looking for smart ways to diversify and manage risk, especially in markets that move as quickly as crypto,” said Anthony Denier, Group President and U.S. CEO of Webull. “By continuing to build on our partnership with Coinbase Derivatives, we are able to deliver more opportunities for our customers to invest with confidence while providing them with 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 am thrilled to see our partners at Webull Financial expand access to the crypto economy by offering more Coinbase Derivatives listed futures to their clients.”
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.
To trade crypto futures, Webull users must open and fund a Futures account.
