Key facts
- Coinbase will provide its crypto infrastructure and custody services to Webull Canada.
- Webull Canada will offer crypto trading to its users.
- This partnership extends an existing collaboration between Coinbase and Webull.
- Canadian crypto ownership has increased to 25% of investors.
- Webull Canada Crypto Limited is a regulated investment dealer.
Coinbase has entered into a crypto infrastructure agreement with Webull Canada, extending their existing partnership. This deal will enable Webull Canada to leverage Coinbase's Crypto-as-a-Service platform for cryptocurrency trading and institutional-grade custody services for its Canadian users. The expansion into digital assets broadens Webull's Canadian offering beyond stocks, ETFs, and options. This move is supported by growing crypto adoption in Canada, with a recent survey indicating that 25% of Canadian investors now own cryptocurrency, up from 10% in 2023. Michael Constantino, CEO of Webull Canada, highlighted the partnership's importance in delivering crypto services at scale and meeting investor demand for diverse asset classes. Coinbase has also been expanding its services globally, including tokenized assets and European markets.