Market News

Webull Expands Crypto Trading Access in Australia Through Coinbase Partnership

Webull, a US-based trading platform, has officially launched crypto trading in Australia, partnering with Coinbase Prime to offer up to 240 digital assets.

This launch marks Webull's third global crypto market, following its expansions in the U.S. and Brazil.

With a competitive 30-basis-point spread, Webull claims to provide one of the lowest-cost options for crypto trading in Australia.

Industry analysts suggest this move will pressure local exchanges to lower their fees to retain clients in an already competitive market.

CEO Rob Talevski stated that this initiative is part of Webull's mission to enhance trading freedom for Australians, integrating crypto into traditional investment frameworks.

The platform supports various account structures, including individual accounts and SMSFs, allowing users to manage digital assets alongside stocks and ETFs.

Additionally, it features advanced charting tools, over 40 technical indicators, and round-the-clock customer support to enhance user experience.

This announcement follows Webull's recent resumption of crypto operations in the U.S., signifying its commitment to a “full-throttle” global expansion in digital assets.

Using Coinbase Prime's infrastructure, Webull ensures institutional-grade custody and real-time market data while positioning itself against established Australian exchanges known for their high fees.

Thus, Webull is set to redefine the landscape of crypto trading in Australia amid increasing regulatory scrutiny and consumer demand for cost-effective solutions.