Webull is expanding cryptocurrency trading to Canada through Coinbase’s Crypto-as-a-Service platform, adding Canada to its existing crypto operations in the United States, Brazil, and Australia.
The launch adds digital assets to Webull’s Canadian offering, which already includes stocks, exchange-traded funds (ETFs) and options.
Coinbase to Support Webull’s Canadian Crypto Service
Coinbase will provide the underlying trading and custody infrastructure for Webull’s Canadian crypto service. The companies announced the expansion on Aug. 31.
Webull’s Canadian platform currently displays 10 cryptocurrencies, including Bitcoin, Ethereum and Solana, while indicating that other digital assets are also available.
Webull cited increased cryptocurrency ownership in Canada as a factor behind the launch. An Ontario Securities Commission survey of 2,360 Canadians found that crypto-asset ownership had risen to 25%, compared with 10% in 2023.
Canada Develops Federal Stablecoin Framework
The launch also comes as Canada develops a federal regulatory framework for fiat-backed stablecoins, forming part of the broader policy environment for digital assets in the country.
Canada’s Stablecoin Act received royal assent in March as part of legislation implementing the 2025 federal budget, although its provisions have not yet come into force. The framework provides for oversight by the Bank of Canada and establishes requirements for issuer registration, reserves and redemption.
The federal government expects regulatory development to continue before the stablecoin framework takes effect.