Webull Adds Futures And Commodities Trading To Platform
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Webull has added commodities and futures trading features to its platform. This action is meant to offer Clients of the online retail trading platform the chance to expand their investment array and partake in more advanced trading strategies.
The President of Webull Group, Anthony Denier stated that by incorporating futures trading, the team is continuing Webull’s tradition of enabling access to innovative financial services that are usually exclusive to institutional investors.
Webull Plans To Offer Access To Desirable Products
He added that the company seeks to offer varied portfolio choices. It also wants to grant access to desirable products that demonstrate their dedication to their client’s financial achievement in the fast-changing trading world.
The incorporation of Futures trading in Webull’s platform allows users to partake in the futures market even if they don’t own the primary assets. The company cited that this service enables investors to invest based on the movement of price, boosting their capacity to handle risk. Over a week ago, the firm revealed the new service on X.
Per the press release, the firm wants to make future products more accessible. It also plans to provide advanced tools and extensive educational materials for investors new to the futures market. The company’s clients who seek to explore futures trading can now be able to access a complete set of analytical resources and educational materials, as mentioned by the firm.
As the futures trading option is presently offered in the United States, Webull wants to extend its availability worldwide. The previous month, the online brokerage platform partnered with TradingView, revealing more than 10,000 instruments exclusive to Webull’s customers. Per a report, this collaboration enables quick trade execution using TradingView’s charts.
Webull Is Strengthening Its Footprint In The Americas
Webull’s expansion endeavors go beyond its partnership with TradingView. The firm is extending its presence in Canada while strengthening its footprints in the Americas. Webull launched an innovative feature in Australia known as Moneybull. This feature provides interest on unused funds. However, TradingView recently carried out many integrations, like partnerships with Match-Trader, DXtrade, Afterprime, and OANDA.
Additionally, SK Growth Opportunities Corporation and Webull revealed their merger intentions, targeting a Nasdaq listing with a brand-new ticker symbol. This agreement is supposed to be concluded in late 2024. With a user base of over 20 million globally and more than 40 million downloads, Webull has strengthened its presence in Latin America, Europe, and the Asia Pacific.
Webull is a holding firm established in the Cayman Islands. Its headquarters is located in New York. The company’s subsidiaries manage an online trading platform that can be accessed through a desktop computer and mobile app. It offers low-cost and no-commission trading of cryptocurrencies, margins, options, exchange-traded funds, and stocks.
