Webull, the Australian arm of the brokerage firm, has announced the launch of crypto trading, providing users access to over 240 digital assets through a partnership with Coinbase Prime.
Webull's Expansion in Australia
Webull and Coinbase Prime have announced their collaboration, which will allow Australian users to trade multiple digital assets. Rob Talevski, CEO of Webull Securities Australia, noted that this decision reflects the company's mission to provide more choices for investors.
Return of Crypto Services in the U.S.
Webull's return to crypto trading came after a two-year absence of services in the U.S. CEO Anthony Denier emphasized that the decision was driven by growing customer demand. The company also mentioned that crypto trading was previously launched in Brazil this year.
Australia's Stance on Crypto Regulation
Webull's launch in Australia coincided with a critical moment for the local crypto industry, which is urging the government to accelerate the adoption of digital asset legislation. Industry leaders, including Binance representative Joy Lam, emphasize the need for timely regulation. Despite uncertainties, Webull continues its expansion, hoping to attract both retail and institutional investors.
With the launch of crypto trading in Australia, Webull reaffirms its commitment to expanding investment opportunities in global markets. The speed and effectiveness of new regulatory measures in Australia remains in question.
