Webull Could Expand Crypto Services After Australia Launch With 240 Tokens, Including Bitcoin

• 240 cryptocurrencies available at launch

• Webull relaunched crypto in the US and plans further regional rollouts

• Move arrives amid calls for clearer Australian digital asset legislation and stronger local market readiness

Webull crypto Australia launches with 240 assets via Coinbase Prime — trade now on Webull’s platform. Learn what this means for Aussie investors.

What is Webull’s crypto launch in Australia?

Webull crypto Australia is the Australian rollout of Webull’s cryptocurrency trading service, offering 240 cryptocurrencies through a partnership with Coinbase Prime. The service provides spot trading on Webull Securities Australia and marks the company’s continued regional expansion after recent relaunches in the US and Brazil.

How many cryptocurrencies and which partners power the service?

Webull Australia will list 240 cryptocurrencies at launch, enabled through a custody and execution relationship with Coinbase Prime. This partnership supplies institutional-grade custody and liquidity while Webull provides the retail trading interface for Australian customers.

Webull has rolled out crypto services in Australia after re-launching the offering in the US this week and expects to expand into more regions in the coming months.

The Australian arm of the trading platform Webull has launched crypto services in Australia just days after relaunching its crypto offering in the US, having exited that market roughly two years ago.

Webull Securities Australia said the platform will offer 240 cryptocurrencies in a partnership with Coinbase Prime.

“The addition of cryptocurrencies and digital tokens to the Webull platform represents the next phase of our ongoing mission to provide Australian investors with the freedom to trade what they want,” Webull Securities Australia CEO Rob Talevski said.

It follows Webull’s US relaunch earlier in the week amid a friendlier policy environment for crypto. The firm previously paused crypto services in 2023 during a period of heightened regulatory scrutiny and corporate transition.

How is Webull planning regional expansion?

Webull CEO Anthony Denier told Bloomberg that removing crypto from the US was contrary to customer demand and the relaunch reflects a return to client expectations. The firm said it expects to expand into additional markets in the coming months, having already launched crypto trading in Brazil earlier this year.

Shares in Webull (BULL) closed trading down 2.67% on Monday and flat to slightly higher the following day, trading near $15. BULL is up 1.25% over the past five trading days. Source: Google Finance

BULL is up 1.25% over the past five trading days. Source: Google Finance

Why does the Australian market entry matter?

The launch arrives amid industry concern that Australia could fall behind global developments without clearer digital asset legislation. Local industry groups have urged the reelected Labor government to prioritise digital asset rules to keep Australian markets competitive.

Industry commentary highlights timing as critical for regulatory clarity. Joy Lam, head of global regulatory and APAC legal at Binance (statement reported publicly), noted that timing is “really quite critical” given years of discussion about policy frameworks.

Frequently Asked Questions

Can Australian investors trade all 240 listed cryptocurrencies immediately?

Yes. Webull Australia has announced access to 240 cryptocurrencies at launch, subject to standard account verification and platform availability in specific Australian jurisdictions.

Is crypto custody handled by Webull?

Custody and institutional-grade liquidity are managed through a partnership with Coinbase Prime while Webull provides the retail trading interface and account services.

Key Takeaways

• Market access: Webull crypto Australia launches with 240 tokens via Coinbase Prime, expanding retail access.
• Regional growth: The rollout follows recent relaunches in the US and Brazil and signals further global expansion.
• Regulatory context: The move coincides with industry calls for accelerated Australian digital asset regulation to align with global markets.

Conclusion

Webull crypto Australia brings 240 cryptocurrencies to the platform via Coinbase Prime, marking a deliberate step in the company’s regional expansion. COINOTAG reporting indicates the launch underscores growing industry urgency for clear Australian digital asset legislation and offers investors broader trading options; monitor Webull for further market rollouts.