The Australian arm of Webull has launched crypto services following their relaunch in the US.
Launch of Crypto Services in Australia
Webull Australia announced the launch of crypto services, offering 240 cryptocurrencies through a partnership with Coinbase Prime. Rob Talevski, CEO of Webull Securities Australia, noted that the addition of cryptocurrencies and digital tokens is the next phase in their mission to provide Australian investors the freedom to trade what they want.
Relaunch of Operations in the US
The return of crypto services to the US comes amid a friendlier policy toward cryptocurrencies. Webull had pulled its crypto service in 2023, as it did not align with customer expectations. Webull CEO Anthony Denier stated that returning to crypto services is a natural response to client demand.
Potential Expansion to Other Markets
Webull is also considering expanding its services into new markets. The firm successfully launched crypto trading in Brazil earlier this year, and it is anticipated that further market expansions will take place in the near future.
Webull's launch of crypto services in Australia and their relaunch in the US highlights the company's commitment to following global trends and client expectations, as well as the necessity to adapt to an evolving cryptocurrency market.
