Trading Platform Partners with Coinbase Prime to Offer 240 Digital Assets
Webull, a global multi-asset trading platform, has launched cryptocurrency trading services in Australia, just days after reintroducing its crypto offering in the United States. The move signals the company’s renewed focus on digital assets and global expansion plans.
Crypto Services Now Available in Australia
On Wednesday, Webull Australia announced that it will offer 240 cryptocurrencies through a strategic partnership with Coinbase Prime, providing Australian investors with access to a wide range of digital assets.
Rob Talevski, CEO of Webull Securities Australia, emphasized the platform’s commitment to investor choice:
“The addition of cryptocurrencies and digital tokens to the Webull platform represents the next phase of our mission to provide Australian investors with the freedom to trade what they want.”
This development follows Webull’s US crypto relaunch on Monday, marking a comeback after the company suspended crypto trading in 2023 amid regulatory challenges during its public listing attempt.
Future Expansion Plans Underway
Webull’s CEO, Anthony Denier, revealed in a Bloomberg interview that removing crypto services from the US market was “not what customers wanted.” He added that returning to crypto was a natural step aligned with client expectations.
The company confirmed plans to expand into additional regions in the coming months, building on its recent crypto trading launch in Brazil earlier this year.
Industry Reaction and Regulatory Landscape
Webull’s entry into the Australian crypto market comes at a time when local industry leaders are urging the government to fast-track digital asset regulations. The Australian crypto sector has expressed concerns about falling behind global developments without clear legislative frameworks.
Joy Lam, Binance’s head of global regulatory and APAC legal, highlighted the urgency:
“Timing is really quite critical now because it’s something that has been discussed and kicked around for quite a few years.”
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.