Webull is working with Coinbase Derivatives to offer crypto futures, according to a note from the firm.
Webull is a digital brokerage that allows investors to purchase shares, ETFs, and other investments, including crypto. It is controlled by China-based holding company Hunan Fumi Information Technology, and its US operations are headquartered in St. Petersburg, Florida.
As Coinbase Futures is regulated by the Commodity Futures Trading Commission (CFTC), Webull will be able to offer compliant futures contracts in Bitcoin Ethereum and other digital assets.
Webull notes that it launched futures and commodities trading earlier this year in March, adding that it is now brining “advanced trading tools” for its users.
Integrating Coinbase Derivatives will open up more opportunities for its users, says Anthony Denier, group president and US CEO.
Greg Tusar, VP of Institutional Product at Coinbase, adds that they have been deliberate in designing futures contracts, and their goal is to bring regulated crypto futures to a broader audience.
The company shares 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.
Coinbase Derivatives will follow a 23 hours a day, 6 days a week, trading structure. Real-time market data will be provided by Coinbase Derivatives.
“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.”
The Webull Group states that it operates in 15 regions worldwide, serving more than 20 million registered.
Webull announced earlier this year its intent to become a publicly traded firm via a SPAC deal.
Have a crowdfunding offering you'd like to share? Submit an offering for consideration using our Submit a Tip form and we may share it on our site!
