Webull Enters Canadian Crypto Market via Coinbase Partnership
Webull, a self-directed brokerage and trading platform, is expanding its Canadian operations to include cryptocurrency trading. The company has partnered with Coinbase to provide its customers in Canada access to cryptocurrencies through Coinbase's Crypto-as-a-Service infrastructure.
The addition of crypto trading to Webull's Canadian offering means that its clients can now invest in digital assets such as Bitcoin (BTC), Ether (ETH), and Solana (SOL) alongside traditional investments like stocks, exchange-traded funds, and options.
Webull cited growing crypto adoption in Canada as a reason for the expansion, noting that research by the Ontario Securities Commission shows that digital asset ownership has risen to 25% this year from 10% in 2023. The company also pointed to the introduction of the Stablecoin Act, which would set requirements for both domestic and foreign issuers.