Investing Platform Webull Adds Futures and Commodities Trading

Webull Financial is now offering futures and commodities trading as investors look for more ways to hedge price moves without owning an underlying asset.

The online brokerage application, which is preparing to go public, is offering the service just to US investors at first with plans to expand globally in the future, it said Monday in a statement.

“Understanding the significance of using futures is beneficial to all investors looking to diversify their portfolios,” Arianne Adams, chief strategy officer and head of derivatives at Webull said in prepared remarks.

Webull application

Photographer: Tiffany Hagler-Geard/Bloomberg

Futures contracts give investors the ability to bet on ...