Webull Expands Canadian Crypto Offering via Coinbase Partnership
Quick Look
- Webull is expanding its Canadian brokerage platform to include cryptocurrencies through a partnership with Coinbase, which will provide trading and custody infrastructure.
- The move adds digital assets to Webull's existing Canadian offerings of stocks, ETFs, and options, citing rising crypto adoption in Canada, where ownership reached 25% this year according to Ontario Securities Commission research referenced by the company.
AI-generated summary
Why It Matters
Webull is expanding its Canadian brokerage platform to include cryptocurrencies through a partnership with Coinbase, which will provide trading and custody infrastructure. The company cited growing crypto adoption in Canada as a reason for the expansion.
Webull, a self-directed brokerage and trading platform, is expanding its Canadian offering to include cryptocurrencies, adding Canada to a crypto footprint that already includes the United States, Australia and Brazil.
The company announced Monday that its Canadian crypto offering will run on Coinbase’s Crypto-as-a-Service infrastructure, with Coinbase providing the underlying trading and custody services. Webull’s Canadian website currently displays 10 cryptocurrencies, including Bitcoin (BTC), Ether (ETH) and Solana (SOL), while indicating that additional assets are also available.
The addition of crypto broadens Webull’s Canadian offering beyond stocks, exchange-traded funds and options, bringing digital assets alongside the traditional investments already available to its retail clients.
Webull cited growing crypto adoption in Canada as one reason for the expansion, pointing to Ontario Securities Commission research that it says shows digital asset ownership has risen to 25% this year from 10% in 2023.
Canadian crypto investment is growing as the country’s regulators move to establish clearer rules for the industry, including a federal framework for stablecoins. Canada doesn’t yet have comprehensive rules for fiat-backed stablecoins, but the Stablecoin Act, introduced following the 2025 federal budget, would set requirements for both domestic and foreign issuers.
What to Watch
AI outlook — possibilities, not facts
Webull will add more cryptocurrencies to its Canadian platform in the coming months.
Likely · Within months
Open Questions
- Which specific cryptocurrencies beyond Bitcoin, Ether, and Solana will be available?
- What fees will Webull charge for crypto trading in Canada?
- When will the full crypto suite be launched to all Canadian users?
- How does Webull's crypto offering compare to competitors in the Canadian market?
