Webull Brings Crypto Trading to Canada on Coinbase's Backing

Webull, a self-directed brokerage and trading platform, has expanded its crypto offering to include Canada. This move adds Canada to Webull's existing footprint in the United States, Australia, and Brazil.

The company announced that it would be using Coinbase's Crypto-as-a-Service infrastructure for its Canadian operations, with Coinbase providing underlying trading and custody services. As a result, Webull's Canadian website now displays 10 cryptocurrencies, including Bitcoin (BTC), Ether (ETH), and Solana (SOL).

This expansion comes as Canada sees growing crypto adoption, according to Ontario Securities Commission research. The study shows that digital asset ownership has increased to 25% this year from 10% in 2023.