Webull expands crypto trading into Canada through Coinbase collaboration
Reported by Cointelegraph · AI-assisted summary by ChikoCorp AI News Desk
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Summary
Webull, a self-directed brokerage and trading platform, has expanded its Canadian services to include cryptocurrency trading. This new offering is powered by Coinbase’s Crypto-as-a-Service infrastructure, which handles the trading and custody. Webull’s Canadian site lists 10 cryptocurrencies, including Bitcoin, Ether, and Solana, broadening its platform beyond stocks, ETFs, and options.
Why it matters
The source highlights this development as a response to growing crypto adoption in Canada, where digital asset ownership reportedly rose from 10% in 2023 to 25% in 2024. The move may also be timely given Canada's regulatory efforts to establish clearer rules for the crypto industry, notably for stablecoins. The source does not explicitly discuss broader market or policy impacts.
Key context
Webull already offers crypto trading in the US, Australia, and Brazil, and this expansion adds Canada to that list. The company references research from the Ontario Securities Commission regarding increased digital asset ownership. Canada currently lacks comprehensive regulations for fiat-backed stablecoins, but legislation like the Stablecoin Act is under consideration following the 2025 federal budget.
Key numbers and entities
Webull, Coinbase, Ontario Securities Commission, Bitcoin (BTC), Ether (ETH), Solana (SOL), Stablecoin Act. Digital asset ownership in Canada reportedly increased to 25% in 2024 from 10% in 2023.
What remains unclear
The specific additional cryptocurrencies available beyond the listed 10 are not detailed. The source does not explain the precise mechanics or terms of the partnership between Webull and Coinbase. It also does not specify how quickly or broadly Canadian users can access these crypto services.