Webull is expanding its Canadian brokerage to include cryptocurrencies on Coinbase’s Crypto-as-a-Service infrastructure, adding Canada to a crypto footprint that already covers the United States, Australia and Brazil. Coinbase is providing the underlying trading and custody services while Webull retains the customer-facing experience for retail clients who already access stocks, ETFs and options. Webull’s Canadian website currently displays 10 cryptocurrencies, including Bitcoin, Ether and Solana, and indicates that additional assets are available. The expansion sits within a broader ecosystem shift in which Webull has replaced an earlier Bakkt relationship with Coinbase, grown its global offering to roughly 101 supported tokens with a roadmap toward 300 or more, added CFTC-cleared futures for several major tokens, and launched crypto trading in Australia with access to as many as 240 tokens. In Canada, Webull Canada Crypto Limited offers order-execution-only crypto trading under CIRO oversight; CIPF protection through Webull Securities (Canada) Limited does not cover crypto assets, though eligible cash in a crypto trading account may be covered within applicable limits, and Coinbase Canada is registered as a Restricted Dealer across Canadian provinces and territories. Webull cited rising Canadian adoption, pointing to Ontario Securities Commission research showing digital-asset ownership at 25% this year, up from 10% in 2023. Canadian crypto investment is also growing as regulators move toward clearer industry rules, including a federal framework for stablecoins: Canada does not yet have comprehensive rules for fiat-backed stablecoins, but the Stablecoin Act introduced following the 2025 federal budget would set requirements for both domestic and foreign issuers. Webull Canada CEO Michael Constantino has said Canadian investors increasingly want crypto in their asset mix. After the announcement, Webull shares fell 1.3% and Coinbase dropped 0.5% in Monday morning trading; the companies did not disclose specific trading volumes or customer targets for the Canadian launch.