The Webull platform has launched cryptocurrency services in Australia, adding access to 240 cryptocurrencies through a partnership with Coinbase Prime.
Launch of Crypto Services in Australia
Recently, the Australian branch of Webull announced access to 240 cryptocurrencies. Rob Talevski, CEO of Webull Securities Australia, emphasized that this decision is part of the company's broader strategy.
> "The addition of cryptocurrencies and digital tokens to the Webull platform represents the next phase of our ongoing mission to provide Australian investors with the freedom to trade what they want," CITE_W_A (Rob Talevski).
Return to the U.S. After Hiatus
The expansion to Australia coincided with Webull's relaunch of cryptocurrency services in the U.S. The company withdrew from the American market in 2023 during a period of stricter regulation. Webull CEO Anthony Denier acknowledged that suspending crypto services went against customer expectations.
> "It’s a natural sort of return to what our clients expect," CITE_W_A (Anthony Denier).
Company's Global Expansion
Webull has also indicated its intent to expand internationally. Earlier this year, the firm launched cryptocurrency trading in Brazil, marking the start of its broader international strategy. Despite the growing interest in its services, Webull's stock has shown slight declines in the financial market.
Webull continues its rapid expansion into international markets, offering users new trading opportunities in cryptocurrencies, which experts believe could positively impact the state of the crypto industry in Australia.
