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Webull, a brokerage platform, has announced its expansion into the Canadian cryptocurrency market through a collaboration with Coinbase. This move comes as digital asset ownership in Canada continues to rise and regulators work towards establishing clearer industry rules. Canadian crypto ownership has increased to 25% this year, up from 10% in 2023, according to Ontario Securities Commission research.

By adding cryptocurrencies to its portfolio, Webull aims to broaden its Canadian offering beyond stocks, ETFs, and options, catering to the growing demand for digital assets among its retail clients. The new crypto services will operate on Coinbase’s Crypto-as-a-Service infrastructure, providing trading and custody services. Currently, Webull’s Canadian website lists 10 cryptocurrencies, including Bitcoin, Ether, and Solana, with more assets expected to be added.

While Canada has not yet implemented comprehensive rules for fiat-backed stablecoins, the country's Stablecoin Act, introduced in the 2025 federal budget, would set requirements for both domestic and foreign issuers.