Webull Brings Crypto Trading to Canada via Coinbase Partnership
Webull has expanded its crypto trading services into Canada through a partnership with Coinbase. The brokerage, which already offers stocks, ETFs, and options to Canadian clients, is now providing access to digital assets as well.
Coinbase will operate the underlying trading and custody infrastructure for Webull's crypto service in Canada, using its Crypto-as-a-Service platform. This arrangement allows Webull to integrate the necessary functions without building a standalone crypto stack for each country it enters.
The initial offering includes 10 cryptocurrencies, including Bitcoin, Ethereum, and Solana. However, investors should note that their crypto holdings are not protected by Canada's CIPF (Canadian Investor Protection Fund).
Webull's expansion into the Canadian market is part of a broader rollout of its crypto services in several countries, including the U.S., Brazil, and Australia.