Coinbase Powers Webull's Canadian Crypto Expansion

Coinbase has expanded its partnership with Webull to bring crypto trading and custody to Canada. This strategic move demonstrates Coinbase's commitment to providing critical infrastructure for the global financial system's transition to digital assets.

The agreement allows Webull Canada, a regulated entity by the Canadian Investment Regulatory Organization, to use Coinbase's Crypto-as-a-Service platform for trade execution and institutional-grade custody. This setup is similar to what was established in the United States, Brazil, and Australia, where Coinbase monetizes its technology and infrastructure internationally without acquiring retail customers.

Coinbase will provide liquidity, trading technology, and custody services, while Webull retains customer relationships. This arrangement presents a potentially scalable, asset-light revenue opportunity for Coinbase as brokers, banks, and fintech platforms increasingly seek to add crypto capabilities.