Webull Expands Crypto Trading to Canada via Coinbase Pact
Webull, a retail trading platform known for commission-free stocks and options, has expanded its Canadian offering to include cryptocurrency trading. The move adds Canada to Webull's existing crypto footprint, which includes the United States, Australia, and Brazil.
The company will use Coinbase's Crypto-as-a-Service (CaaS) infrastructure for its Canadian crypto capabilities, with Coinbase handling the underlying trading and custody functions. Webull's Canadian website lists 10 cryptocurrencies, including Bitcoin, Ether, and Solana, while also indicating that additional assets may be available later.
The expansion is driven by increased retail engagement with digital assets in Canada, according to Webull. The platform referenced research from the Ontario Securities Commission (OSC), which shows crypto ownership grew to 25% this year from 10% in 2023.