Overview
- Webull began offering cryptocurrency trading in Canada on Tuesday after its Webull Canada Crypto unit received approval from the Canadian Investment Regulatory Organization, with support at launch for Bitcoin, Ethereum, Solana, XRP, Cardano and Litecoin and 24/7 trading availability.
- The crypto service will start with beta access for select customers and expand to a broader rollout in the coming weeks, operating inside existing Webull Canada accounts so users do not need separate wallets or logins to fund, trade and monitor positions.
- Webull says pricing will be low and transparent and the platform will charge no commission for crypto trades, positioning the product to compete on cost against other Canadian entrants.
- The launch follows Webull’s 2023 suspension of crypto services and its phased re-entry into digital-asset markets in Brazil and the United States, showing a compliance-first approach through a dedicated Canadian crypto entity.
- The entry raises competitive pressure in Canada’s retail crypto market, where recent moves such as Robinhood’s arrival via WonderFi make asset coverage, fees and integrated account protections key factors for investors to watch.