Coinbase and Webull have extended their existing crypto infrastructure partnership to Canada, enabling Webull Canada Crypto Limited to offer institutional-grade custody and trading services to Canadian investors.
The collaboration builds on Coinbase’s Crypto-as-a-Service platform, which already underpins Webull’s crypto offerings in the United States, Brazil, and Australia. Under the arrangement, Coinbase provides core infrastructure, including liquidity access and custody services, for Webull’s Canadian operations.
Webull Canada Crypto Limited is regulated by the Canadian Investment Regulatory Organization and is a member of the Canadian Investor Protection Fund. However, the platform notes that crypto assets held through its services are not covered by CIPF protection. The offering will operate on an order-execution-only basis, with no advisory or custodial guarantees beyond trade facilitation.
Michael Constantino, CEO of Webull Canada, said the partnership ensures the infrastructure meets client expectations for scale and reliability. Coinbase Canada, Inc. is registered as a Restricted Dealer across all Canadian provinces and territories, aligning with local regulatory requirements.
The expansion follows a survey by the Ontario Securities Commission indicating that crypto asset ownership in Canada has risen to 25% of the population, up from 10% in 2023. The data reflects growing retail engagement in digital assets amid increasing regulatory clarity in the country.
Coinbase is a publicly traded company, while Webull operates as a global brokerage platform.
