Coinbase brings Webull crypto trading and custody to Canada, expanding a four‑market partnership Coinbase has expanded its Crypto-as-a-Service (CaaS) partnership with Webull into Canada, adding a fourth market to a deal that already spans the United States, Brazil and Australia. Under the arrangement, Webull Canada will tap Coinbase’s trading infrastructure, liquidity and custody capabilities so Canadian customers can buy, sell and hold crypto without leaving the Webull platform. How it will work - Webull will own the customer-facing experience—account funding, portfolio monitoring, reports and trade execution—while routing the underlying crypto trading, liquidity and custody to Coinbase’s platform. - Coinbase will provide the infrastructure and custody services Webull decided not to build in-house, reusing technology already deployed in the three other markets. - Webull Canada plans to support 24-hour trading in major tokens such as Bitcoin, Ethereum, Solana, XRP, Cardano and Litecoin. Beta access will roll out to selected clients before broader availability. Why Webull chose Coinbase Michael Constantino, CEO of Webull Canada, said Canadian investors increasingly expect access to a broader set of asset classes, and that Coinbase offers “the scale and reliability our clients expect.” Coinbase said Webull selected it for available assets, liquidity, pricing, custody services and cross-market operations. Regulatory and investor-protection context - Webull Canada Crypto Limited is regulated as an investment dealer by the Canadian Investment Regulatory Organization and offers order-execution-only services—customers make their own investment decisions without portfolio recommendations from the platform. - Webull Securities (Canada) Limited is a member of the Canadian Investor Protection Fund (CIPF), but Webull’s disclosures stress that crypto assets do not qualify for CIPF coverage. Eligible cash held in a crypto trading account may be protected within applicable limits, but the protection does not extend to cryptocurrencies themselves. CIPF generally addresses missing property when a member dealer becomes insolvent; it does not insure against market losses or price declines. Market demand and investor awareness Coinbase cited demand data from the Ontario Securities Commission’s 2025 crypto asset survey: one in four Canadians (25%) now own crypto assets or crypto funds—up from 10% in 2023. Ownership rises to 39% among respondents identified as investors; about 30% of Canadians had owned crypto at some point. The OSC also found that 74% of current owners hold crypto directly through an exchange or platform, but it flagged gaps in investor knowledge and continuing misunderstandings about account protections and the risks of digital assets—context that matters as brokerages roll out crypto offerings. Webull and Coinbase footprints - Webull Corporation trades on Nasdaq under ticker BULL and operates licensed brokerage businesses across 16 markets. The company reports more than 27 million registered users globally. Webull first entered Canada in January 2024 after receiving regulatory authorization in November 2023 and initially offered Canadian and U.S. equities. - For Coinbase, the deal is another example of supplying crypto infrastructure to financial platforms without requiring end users to transact via the Coinbase app. Coinbase’s CaaS product lets brokerages and fintech firms add crypto functions while Coinbase handles back-end trading, liquidity and custody. How this fits into Coinbase’s broader strategy The Canadian rollout comes as Coinbase continues to broaden its hybrid crypto/traditional finance product set: - In August, Coinbase added nearly 4,000 U.S. stocks for eligible U.K. customers with fractional shares, zero-commission trades and extended-hours availability (with attendant currency and out‑of‑hours risks). - On Aug. 24, Coinbase launched four stock tokens on the Base network—representing economic interests in Nvidia, Meta, Apple and Alphabet—for eligible non-U.S. users under Regulation S. - Coinbase has also moved into stock-linked derivatives via a deal with Deribit and expanded its regulated European footprint with a MiCA-era authorization from Luxembourg’s financial regulator, enabling services across the EU. Why it matters By outsourcing crypto infrastructure to Coinbase, Webull can accelerate product rollout and offer 24/7 crypto trading to Canadian clients while focusing on its core brokerage experience. The move leverages rising retail crypto ownership in Canada but also comes amid regulatory reminders that crypto-related protections differ from traditional securities safeguards—an important distinction for investors to understand as access expands. Read more AI-generated news on: undefined/news