Webull is adding cryptocurrency trading to its Canadian brokerage platform, using Coinbase for underlying trading and custody infrastructure as demand for digital assets grows and Canada develops clearer crypto regulations.

Webull has expanded its cryptocurrency business into Canada, adding digital assets to a platform that already provides Canadian retail investors with access to stocks, exchange-traded funds and options.

Related reporting: Coinbase: Crypto Treasury Firms May Soon Merge as Competition Heats Up

The brokerage announced on Aug. 31 that its Canadian crypto offering will use Coinbase’s Crypto-as-a-Service infrastructure, with Coinbase supplying the underlying trading, liquidity and custody services.

The expansion brings Canada into an existing partnership between the two companies that already supports Webull crypto services in the United States, Australia and Brazil.

Webull’s Canadian platform currently displays 10 cryptocurrencies, including Bitcoin, Ether and Solana, with additional digital assets also indicated as available.

The rollout allows customers to access crypto through the same broader investment ecosystem in which Webull offers traditional securities, although its cryptocurrency activities are conducted through a separate regulated entity.

Coinbase provides trading and custody infrastructure

Under the arrangement, Coinbase will handle core digital asset infrastructure rather than Webull building its own custody and trading systems.

Coinbase said its Crypto-as-a-Service platform will provide Webull Canada with access to trading infrastructure, liquidity and custody capabilities.

Michael Constantino, CEO of Webull Canada, said the partnership gives the company the infrastructure necessary to provide crypto services at the scale expected by its clients.

The Canadian Securities Administrators list Webull Canada Crypto Limited as an authorized crypto asset trading platform following a regulatory decision dated June 17, 2026.

Webull’s legal disclosures state that Webull Canada Crypto Limited and Webull Securities (Canada) Limited are separate companies operating under common ownership.

Crypto assets held through Webull’s Canadian crypto service are also not protected by the Canadian Investor Protection Fund, which provides protection for certain assets held through member investment dealers if a firm

becomes insolvent.

Canadian crypto ownership increases

The expansion comes as cryptocurrency ownership among Canadians has increased substantially.

Webull and Coinbase cited recent Ontario Securities Commission research showing crypto asset ownership at approximately 25%, compared with 10% in the OSC’s 2023 survey.

The 2023 study, based on a survey of 2,360 Canadians, found that 10% owned either crypto assets or crypto investment funds at the time.

Growing ownership gives brokerages a larger potential market for digital asset services, although the increase does not necessarily indicate how much investors allocate to crypto or how actively those assets are traded.

Webull first announced plans in June to introduce cryptocurrency trading in Canada after receiving regulatory approval.

Canada develops clearer stablecoin rules

Webull’s expansion also comes as Canada builds a more formal regulatory framework around digital assets.

The federal government introduced a framework for fiat-backed stablecoins through Budget 2025, including requirements covering reserves, redemption, governance and risk management.

The Stablecoin Act has since received Royal Assent, with the Department of Finance and Bank of Canada now developing supporting regulations.

Under the framework, non-bank stablecoin issuers operating in Canada will generally be required to register with the Bank of Canada, maintain one-to-one reserves of high-quality liquid assets and offer redemption at par in the currency referenced by their stablecoins.

The government expects the regulatory development process to continue through 2026, with the framework scheduled to come into force in 2027.

The rules complement Canada’s existing oversight of crypto trading platforms, which already requires companies serving Canadian investors to meet securities-registration, custody and investor-protection requirements.

For Webull, the Coinbase partnership provides a way to expand its Canadian product range without building digital asset infrastructure independently, while extending a crypto strategy the brokerage has already deployed in

several international markets.