Coinbase has expanded its infrastructure partnership with Webull into Canada, enabling the brokerage to offer cryptocurrency trading and custody to local clients. The move adds Canada as the fourth market under an existing arrangement that already supports Webull crypto services in the United States, Brazil and Australia.

Webull Canada will rely on Coinbase’s Crypto-as-a-Service platform for digital asset trading, liquidity provision and institutional-grade custody. Customers will access the services through Webull’s existing interface rather than a separate application. Coinbase will manage the underlying infrastructure while Webull retains control of the client experience.

Regulatory Framework and Investor Protections

Webull Canada Crypto Limited operates as an investment dealer regulated by the Canadian Investment Regulatory Organization. It provides order-execution-only services, meaning clients make their own investment decisions without receiving advice from the platform.

Webull Securities (Canada) Limited is a member of the Canadian Investor Protection Fund. However, crypto assets held through the platform do not qualify for CIPF coverage. Eligible cash balances in a crypto trading account may receive protection within the fund’s limits and policy, but that protection does not extend to the digital assets themselves. CIPF coverage addresses missing property in the event of a member firm’s insolvency and does not protect against market losses or asset failure.

Rising Crypto Ownership in Canada

Demand for digital assets in Canada has increased substantially. An Ontario Securities Commission survey from 2025 found that 25 percent of Canadians owned crypto assets or crypto funds, up from 10 percent in 2023. Among respondents identified as investors, ownership reached 39 percent. Approximately 30 percent of Canadians reported having owned crypto at some point, and 74 percent of current owners held their assets directly through an exchange or similar platform.

The survey also noted gaps in investor understanding of account protections and the risks associated with digital assets. Webull had previously indicated plans to introduce crypto trading following regulatory approval, with beta access for selected clients expected before a broader rollout. Supported assets were set to include Bitcoin, Ethereum, Solana, XRP, Cardano and Litecoin, with 24-hour trading availability.

Webull’s Canadian website currently lists at least 10 cryptocurrencies, including Bitcoin, Ether and Solana, with additional assets noted as available. The brokerage already offers Canadian and U.S.-listed shares, exchange-traded funds, options, cash and margin accounts, as well as tax-free savings and retirement accounts. The company entered the Canadian market in January 2024 after receiving authorization in November 2023 and reports more than 27 million registered users worldwide.

Partnership Background and Selection Criteria

Webull selected Coinbase for the Canadian expansion based on the range of supported assets, liquidity depth, pricing, custody capabilities and the ability to operate across multiple jurisdictions. The partnership allows Webull to add crypto functionality without building its own trading and custody systems from the ground up.

Webull Corporation trades on Nasdaq under the ticker BULL and maintains licensed brokerage operations across 16 markets. For Coinbase, the arrangement continues a strategy of supplying infrastructure to external financial platforms so that end clients can trade digital assets without leaving the partner’s application.

The Canadian launch occurs as regulators in the country work toward clearer rules for the sector, including a proposed federal framework for stablecoins introduced after the 2025 budget. The Stablecoin Act would establish requirements for both domestic and foreign issuers of fiat-backed stablecoins.