Webull expands crypto futures offering with Coinbase Derivatives

Webull, a regulated trading platform, has expanded its crypto futures offering through a partnership with Coinbase Derivatives.

The retail brokerage and digital investment platform announced the development on Nov. 20, noting that the integration opens crypto futures trading opportunities for U.S. retail traders.

This follows Webull’s introduction of futures and commodities trading in March 2024. Coinbase Derivatives, meanwhile, secured approval as a futures exchange from the Commodity Futures Trading Commission in August 2023.

With their collaboration, Webull can now offer its customers in the U.S. access to futures contracts for Bitcoin (BTC) and Ethereum (ETH). The CFTC and SEC registered platform will offer Bitcoin (BIT), nano Bitcoin (BIT), Ethereum (ETI) and nano Ether (ET) directly on its platform.

Notably, Coinbase has offered Bitcoin futures trading since June 2022. It has since expanded and recently added futures trading for Dogecoin (DOGE), Litecoin (LTC) and Bitcoin Cash (BCH).

“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.”

Anthony Denier, Group president and U.S. chief executive officer of Webull.

The addition of futures trading brings new financial products to retail investors, Denier added.

Greg Tusar, vice president of institutional product at Coinbase, noted that the integration would benefit from Webull’s distribution. It unlocks further access to regulated crypto investment products and helps grow the overall market, Tusar said.

Traders will benefit from smaller-size contracts and Coinbase Derivatives’ 23-hour day, six-day week trading structure. Coinbase will also offer real-time market data free of charge to Webull users.

“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.”

Arianne Adams, chief strategy officer and head of derivatives at Webull.

Webull plans to make these products available to U.S. users in the coming months.

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