Coinbase Partners with Webull for Expanded Crypto Services in Canada

Webull is expanding its cryptocurrency services to Canada in partnership with Coinbase. The US-based online brokerage firm has chosen Coinbase as its infrastructure partner for its Canadian operations, leveraging its institutional-grade custody and trading services.

The integration of Coinbase's Crypto-as-a-Service platform will enable Webull Canada to provide its users with a secure, compliant, and scalable crypto experience. This move follows similar launches in the US, Brazil, and Australia.

Canadian investors are increasingly interested in cryptocurrency, with 25% now owning crypto assets, up from 10% in 2023, according to a recent survey by the Ontario Securities Commission. Webull's CEO, Michael Constantino, emphasized that Canadian investors expect access to a range of asset classes, and crypto has become an essential part of this mix.

The partnership between Coinbase and Webull aims to provide customers with secure, trusted, and scalable crypto functionality. By combining deep liquidity, secure infrastructure, and technology used by leading institutions, Coinbase is helping Webull deliver a stronger crypto experience for its users.