Coinbase Supports Webull To Offer XRP, DOGE, SOL, LTC Futures
Webull, a US-based online investment platform, has announced a significant partnership with Coinbase, a leading cryptocurrency exchange. In collaboration with Coinbase Derivatives, Webull intends to expand its crypto futures offerings.
Notably, this strategic deal allows US Webull users to trade futures contracts for top cryptocurrencies like Dogecoin (DOGE), XRP, Solana (SOL), and Litecoin (LTC). Building on its successful launch of futures and commodities trading in March 2024, Webull continues to innovate and expand access to futures markets, granting users the ability to further diversify their portfolios and manage risks more effectively.
By combining its advanced trading tools with Coinbase’s robust crypto futures offerings, Webull is poised to offer a broader product lineup to its users, cementing its position as a leader in the online investment space. This article studies the details of the Webull-Coinbase partnership, the online payments platform’s futures offerings, and the deal’s future implications.
Webull Partners Coinbase for Crypto Future Offerings
Webull Corporation has taken a significant step forward in its cryptocurrency offerings by expanding its partnership with Coinbase Derivatives. This alliance enables US users to trade futures contracts for prominent digital assets, including Dogecoin (DOGE), XRP, Solana (SOL), and Litecoin (LTC).
By combining Webull’s advanced trading tools with Coinbase Derivatives’ robust crypto futures platform, the company is providing users with a broader range of trading opportunities. This partnership builds on Webull’s March 2024 launch of futures and commodities trading, further solidifying its position in the online investment ecosystem. Anthony Denier, Group President and U.S. CEO of Webull, noted,
“Webull users are always looking for smart ways to diversify and manage risk, especially in markets that move as quickly as crypto. 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.”
Coinbase Speaks
Boris Ilyevsky, Head of Coinbase Derivatives Exchange, posited that the partnership with Webull has been instrumental in driving growth for Webull’s futures business, while also contributing to record-breaking volumes and open interest in futures fir cryptocurrencies on Coinbase Derivatives. Ilyevsky noted,
“It’s been amazing to see Webull’s futures business grow with Coinbase Derivatives. 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.”
Why This Partnership Matters?
Significantly, this partnership is a game-changer for traders and investors, offering enhanced market access, hedging capabilities, and new trading strategies. By integrating Coinbase futures trading, Webull users can now trade futures contracts for popular cryptocurrencies like DOGE, XRP, SOL, and LTC. This potentially boosts market liquidity and depth. It also enables investors to mitigate risks and speculate on future price movements, opening up advanced trading opportunities.
This deal offers users smaller contract sizes requiring less upfront margin, allowing for more flexible position management. The platform provides 23/6 trading, enabling real-time market participation. Users also get access to free real-time market data, facilitating informed trading decisions.
