Webull Expands Crypto Futures Offering with Coinbase Derivatives

Webull, a prominent digital investment platform, has made a significant move by announcing the expansion of its crypto futures offerings. This partnership with Coinbase Derivatives, LLC, a registered futures exchange with the Commodity Futures Trading Commission (CFTC), is set to open up new avenues for investors.

Unlock New Opportunities in Crypto Futures with Webull

Webull's Crypto Futures Expansion

Webull clients in the United States are now able to trade futures contracts for Bitcoin (BTI), nano Bitcoin (BIT), Ethereum (ETI), and nano Ether (ET) directly on the Webull platform. This expansion, which took place in March 2024, allows users to further diversify their portfolios and manage risk more effectively. By bringing together Webull's advanced trading tools and Coinbase Derivatives' crypto futures offerings, a seamless trading experience is provided.

Anthony Denier, Group President and U.S. CEO of Webull, emphasized the importance of this integration. He stated, "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. We take pride in extending advanced financial products and services to a wider audience of retail investors."

Greg Tusar, VP of Institutional Product at Coinbase, also shared his perspective. He said, "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. 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."

Benefits of Smaller-Size Contracts

One of the key advantages of this offering is that smaller-size contracts require much less margin upfront to open a new position. This enables Webull users to choose contracts and upfront commitments that align with their investing goals. With Coinbase Derivatives following a 23 hours a day, 6 days a week trading structure and providing free real-time market data to Webull users on the platform, investors have the necessary tools at their disposal.

Arianne Adams, Chief Strategy Officer and Head of Derivatives at Webull, highlighted the growing interest among retail investors. She said, "There is a growing number of retail investors who are interested in gaining crypto exposure. 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, allowing them to take advantage of the expanded crypto futures market.