Webull Corporation has announced the launch of its cryptocurrency trading service in Australia, offering 240 digital assets for retail and institutional investors in partnership with Coinbase Prime.
Launch of Webull's Crypto Trading
Webull has officially launched its cryptocurrency trading service in Australia, marking a significant step in its global expansion strategy. The new service offers access to 240 digital assets in partnership with Coinbase Prime.
"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, when they want," said Rob Talevski, CEO of Webull Securities Australia.
Market Impact and Future Prospects
The launch is expected to bolster market liquidity and trading volumes, particularly impacting Bitcoin, Ethereum, and various altcoins. The collaboration with Coinbase Prime channels Australian order flow through its extensive liquidity networks.
The regulatory landscape in Australia supports such expansions, making it a favorable market for crypto trading platforms.
Strategy and Financial Integration
No new fundraising accompanied the launch, utilizing existing infrastructures for seamless integration. Webull's expansion mirrors its recent relaunch in the US and earlier introduction in Brazil, indicating a strategic focus on global scalability.
Webull's expansion into Australia may affirm the trend of integrating digital and traditional financial avenues, opening new opportunities for investors exploring crypto assets.
