Coinbase and Webull Expand Partnership, Bringing Trading and Custody to Canada
TL;DR Webull is expanding its crypto experience to Canada with Coinbase as its crypto infrastructure partner. Built on Coinbase’s Crypto-as-a-Service platform, Webull Canada will leverage Coinbase’s institutional-grade custody and trading services. This expansion follows similar launches in the US, Brazil and Australia.
Coinbase and Webull Canada are building on a shared commitment to expanding access to crypto through compliant, reliable infrastructure and a user experience designed for the next generation of digital finance.
As Webull Canada's partner for core crypto infrastructure, Coinbase will support a seamless experience designed to give customers in Canada access to secure, trusted, and scalable crypto functionality. By combining deep liquidity, secure infrastructure, and the technology trusted by many of the world’s leading institutions, Coinbase is helping Webull deliver a stronger crypto experience for its users.
“Canadian investors expect access to a growing range of asset classes, and crypto has become an increasingly important part of that mix,” said Michael Constantino, CEO of Webull Canada. “Our partnership with Coinbase provides the infrastructure needed to deliver this offering with the scale and reliability our clients expect. As adoption continues to grow across the country, we remain focused on giving investors secure, regulated tools to build their portfolios on their own terms.”
As global demand for trusted crypto products continues to grow, Coinbase remains focused on powering partners with the infrastructure they need to bring secure and innovative experiences to market
Crypto-as-a-Service in Canada
Demand for crypto services in Canada is growing. A recent survey by the Ontario Securities Commission has found that ownership of crypto assets has increased to 25%, up from 10% in 2023 (1). In the face of this growing adoption, Coinbase is at the centre of getting the financial sector onchain.
Webull selected Coinbase to drive this change due to its comprehensive offering of assets, global coverage, flexibility and scale, its position as a trusted and compliant publicly traded company and its competitive pricing. Globally the partnership has allowed Webull to expand its crypto offering across multiple countries, driving higher notional trading volumes on their platform.
Webull Canada Crypto Limited (regulated by CIRO and a member of CIPF) provides Order Execution Only crypto trading. Crypto assets are not covered by CIPF. Brochures are available at ciro.ca and cipf.ca. Crypto Assets are risky and not appropriate for all investors. Read the Crypto Asset Risk Disclosure and More info: http://www.webull.ca
Disclaimer: Coinbase Canada, Inc. is registered as a Restricted Dealer in all provinces and territories of Canada. Trading in crypto assets may result in the loss of invested capital.
(1) https://www.osc.ca/en/news-events/news/osc-finds-growing-awareness-ownership-and-optimism-toward-crypto-assets
