As a seasoned researcher with a keen interest in digital assets and their integration into mainstream finance, I find this partnership between Webull and Coinbase Derivatives to be an exciting development. Having closely followed both platforms’ growth over the years, it’s fascinating to see them collaborate to bring regulated crypto futures trading opportunities to U.S. retail traders.
Through a strategic partnership with Coinbase Derivatives, the compliant trading platform Webull has broadened its selection of cryptocurrency futures contracts.
On November 20th, the retail brokerage and digital investment platform revealed they’ve been working on a new development. This update allows for the integration of crypto futures trading, making it accessible to U.S. retail investors.
In March 2024, Webull started offering futures and commodities trading. On the other hand, Coinbase Derivatives obtained the green light as a futures exchange from the Commodity Futures Trading Commission in August 2023.
Through their partnership, Webull now extends the opportunity for American users to trade futures contracts on Bitcoin (BTC) and Ethereum (ETH). The CFTC and SEC-approved platform will make it possible for users to deal with Bitcoin (BIT), mini Bitcoin (BIT), Ethereum (ETI), and mini Ether (ET) directly from its own interface.
Significantly, starting from June 2022, Coinbase introduced Bitcoin futures trading. Since then, it has broadened its horizons and more recently incorporated futures trading options for Dogecoin (DOGE), Litecoin (LTC) and Bitcoin Cash (BCH).
By incorporating Coinbase Derivatives’ secure and trustworthy infrastructure into Webull, we are expanding the possibilities for Webull users to engage with 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.
According to Greg Tusar, vice president of institutional product at Coinbase, this integration with Webull will be advantageous, as it broadens the reach for investing in regulated cryptocurrency products. This expansion, he added, contributes to the overall growth of the market.
Traders can gain advantages by utilizing smaller-trade sizes and Coinbase Derivatives’ extended trading schedule, which includes a 23-hour day and a six-day week. Moreover, real-time market data will be made available for free to Webull users courtesy of Coinbase.
For those Webull users eager to expand their portfolio within the crypto futures market, we’re making it more accessible by offering smaller-scale contracts. We’re excited about the financial possibilities these could bring!
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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2024-11-20 18:54