Coinbase expands Webull crypto partnership to Canada

Coinbase has expanded its Webull infrastructure partnership into Canada, adding a fourth market to an agreement that already supports crypto services in the United States, Brazil and Australia. Summary Webull Canada will use Coinbase for crypto trading, liquidity, and institutional custody. 25% of Canadians own crypto assets or crypto funds, according to an OSC survey. Webull Canada Crypto Limited operates as a CIRO-regulated investment dealer. Crypto assets held through Webull Canada will not receive CIPF protection. Coinbase will supply Webull Canada’s crypto infrastructure Coinbase said in an announcement that Webull Canada will use its Crypto-as-a-Service platform to support digital asset trading and custody. The arrangement gives Webull access to Coinbase’s liquidity and infrastructure while allowing customers to trade without leaving the Webull platform. Rather than building its own trading and custody system, Webull will connect its Canadian service to technology already used in three other countries. Coinbase will handle the infrastructure behind the offering, while Webull will control the customer-facing investment experience. Michael Constantino, CEO of Webull Canada, sai...