TLDR
- Webull launches crypto in Australia with 240 assets, backed by Coinbase Prime.
- Aussies get 240 cryptos on Webull with low fees, 24/7 support, and pro tools.
- Webull expands globally, adding Australia to its Coinbase-powered crypto push.
- Webull rolls out 240 crypto assets in Australia, offering secure low-cost trades.
- Australia joins Webull’s crypto surge as platform grows to 240 digital assets.
Webull has launched cryptocurrency trading in Australia, expanding its digital asset services into a third global market. The rollout enables Australians to access up to 240 cryptocurrencies directly through the Webull platform. The move follows the company’s recent reintroduction of crypto trading on its U.S. app earlier this week.
Australian Crypto Services Now Live
Webull Australia introduced digital asset trading for individuals, SMSFs, trusts, and companies nationwide. The platform integrated 240 crypto assets, backed by infrastructure from Coinbase Prime for trading and custody. Webull positioned this launch as one of the lowest-cost options in the country, offering a 30 basis points spread.
The new crypto service operates under Webull Pay (Australia) Pty Ltd, which is registered with AUSTRAC. While Webull Securities Australia holds an AFSL, Webull Pay provides all digital asset services. Users can now manage diverse investment portfolios, including digital assets, within familiar account structures.
Webull integrated its crypto features with its advanced charting suite and over 40 technical indicators. Australian users gain access to customizable tools for deeper market analysis. Around-the-clock support ensures continuous access to assistance, improving user confidence and engagement.
Coinbase Prime Powers Technical Infrastructure
Coinbase Prime powers the crypto infrastructure behind Webull’s Australian launch. It provides institutional-grade custody, liquidity, and market data to ensure performance and reliability. This partnership reflects Webull’s global strategy for standardized quality across its digital asset services.
Webull continues to leverage Coinbase Prime across all active crypto regions to maintain security and transparency. The collaboration began in the U.S. and extended to Brazil before arriving in Australia. The uniform backend supports streamlined international rollouts as the firm expands operations.
Australia’s inclusion in Webull’s crypto portfolio highlights Coinbase Prime’s growing reach through strategic alliances. The platform now supports Webull’s efforts to offer unified crypto access worldwide. As regulatory clarity improves globally, more markets are expected to follow.
Rapid Expansion Strategy in Place
Webull reinstated crypto trading on its U.S. platform two days before launching in Australia. The U.S. relaunch reintroduced 50+ cryptocurrencies, including Bitcoin, Ethereum, and Solana. It also ended reliance on the separate Webull Pay app, centralizing services for user convenience.
Brazil was the first market to test the company’s reentry into crypto trading. The success of that relaunch in July led Webull to accelerate plans for broader rollouts. Webull expects to extend services into more countries, though the following regions remain unspecified.
In July, the firm merged Webull Pay LLC into its parent company to prepare for global crypto operations. Executives cited improved regulatory clarity as a key reason for the renewed push. This restructuring laid the groundwork for the swift and strategic expansion now underway.
Webull Eyes Global User Growth
Webull currently serves over 24 million users across 14 markets. The company first entered the Australian market in 2022 and now adds crypto to its local offering. Webull trades publicly on NASDAQ under the ticker BULL and continues to enhance its digital asset features.
The firm aims to offer a seamless user experience by consolidating services within a single platform. Webull aligns with user expectations, merging stock, ETF, options, and crypto trading. Its rapid global rollout signals strong ambitions in the competitive fintech landscape.
