Webull Launches Crypto Trading in Australia Following US Relaunch
- Webull Australia has launched crypto services, offering access to 240 cryptocurrencies in partnership with Coinbase Prime.
- This launch follows Webull’s relaunch of crypto trading in the US, which occurred just days prior amid a more favorable regulatory environment.
- Webull had previously exited the US crypto market two years ago under the Biden administration but is now expanding its offerings due to customer demand.
- The company also aims to expand into additional markets after earlier launching crypto trading in Brazil this year.
- Webull’s stock, BULL, has seen a rise of 1.25% over the past five trading days.
The introduction of crypto services by Webull comes as Australia’s local industry expresses concerns over lagging behind global developments and urges the government for urgent digital asset legislation.
With this new offering, Webull aims to meet customer expectations and enhance its presence in the Australian market while addressing local industry concerns about regulatory progress.(Source)
