On August 27, 2025, Webull Securities Australia launched new crypto trading services, providing access to 240 digital assets through a partnership with Coinbase Prime.
Launch of Trading Services
Webull Securities Australia, initiating crypto trading services in Australia, offers 240 cryptocurrencies through collaboration with Coinbase Prime. The company's CEO, Rob Talevski, highlighted their goal to provide Australian investors with trading flexibility. He stated, '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.'
Impact on the Crypto Market
The launch of Webull is expected to change the Australian crypto market by expanding accessibility for local investors. This initiative may increase competition among trading platforms, positioning Webull as a significant low-cost player. It is anticipated that such a move will also lead to higher trading volumes and crypto liquidity.
Regulatory Aspects
The introduction of crypto trading without updates to the regulatory framework highlights ongoing issues with comprehensive legislative oversight. Webull's actions may spark discussions on necessary regulatory changes to support the growing digital asset markets in Australia. Despite the lack of immediate regulatory changes, the inclusion of 240 cryptocurrencies represents a significant expansion for the Australian market.
Thus, Webull's re-entry into the market, following its 2023 suspension of crypto trading in the US, underscores improving regulatory environments and may have long-term effects on crypto liquidity and trading volumes, contingent upon further regulatory developments.
