Webull expands Canadian crypto offering as adoption reaches 25%

Webull is expanding its Canadian offering to include cryptocurrencies. The expansion adds Canada to Webull's crypto footprint in the United States, Australia and Brazil. Webull announced Monday that Coinbase will provide the service's trading and custody infrastructure through Coinbase's Crypto-as-a-Service platform. Webull's Canadian website displays 10 cryptocurrencies, including Bitcoin, Ether and Solana. The website also indicates that additional assets are available. Webull cited growing crypto adoption in Canada as a reason for the expansion. Webull cited Ontario Securities Commission research that it says shows digital asset ownership rose to 25% this year from 10% in 2023. Canada's regulators are moving toward clearer industry rules. The federal government is developing a framework for stablecoins. Canada does not yet have comprehensive rules for fiat-backed stablecoins. The Stablecoin Act, introduced after the 2025 federal budget, would establish requirements for domestic and foreign issuers.