Webull Expands into Canadian Crypto Market via Coinbase Partnership

Webull, a self-directed brokerage and trading platform, has expanded its Canadian product lineup by adding cryptocurrency trading for retail customers.

The company announced that its Canada crypto offering will be powered by Coinbase's 'Crypto-as-a-Service' infrastructure.

This means Coinbase will handle the underlying trading and custody capabilities for Webull's new crypto access in Canada.

Webull cited growing Canadian interest in crypto, citing Ontario Securities Commission research showing a 25% ownership rate this year, up from 10% in 2023.