Webull, an independent brokerage and investment application, is broadening its Canadian services to encompass digital currencies, thereby incorporating Canada into a global crypto network that already spans the United States, Australia, and Brazil.
The organization declared on Monday that its Canadian digital asset features will operate utilizing Coinbase’s Crypto-as-a-Service technology, with Coinbase supplying the backend execution and safekeeping operations. The Webull Canadian portal presently lists 10 digital currencies, such as Bitcoin (BTC), Ether (ETH), and Solana (SOL), and notes that further tokens are likewise accessible.
Integrating cryptocurrency expands Webull’s Canadian portfolio past equities, exchange-traded funds, and derivatives, placing virtual currencies alongside the conventional financial products currently provided to its everyday investors.
Webull noted the increasing popularity of digital currencies within Canada as a primary driver for the rollout, referencing data from the Ontario Securities Commission which it states indicates that virtual asset participation has climbed to 25% in the current year compared to 10% in 2023.
Canadian digital asset allocation is expanding as national authorities work to formulate more transparent guidelines for the sector, which includes a national system for stablecoins. Canada lacks a complete regulatory structure for fiat-pegged stablecoins at present, yet the Stablecoin Act, introduced in the wake of the 2025 federal budget, would establish mandates for both local and international creators.
Related: Canadian crypto ownership increases to 25%: Ontario survey
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