Overview
- Webull Securities (Europe) B.V. received Markets in Crypto-Assets (MiCA) authorization from the Dutch regulator on Monday, clearing the firm to provide regulated crypto custody from the Netherlands.
- Order execution and custody functions will be routed through a partnership with Coinbase Luxembourg S.A., with Webull operating under its AFM license.
- The company plans to begin EU crypto operations in late 2026, but passporting approval to offer services in other member states remains pending.
- Markets reacted modestly positive to the news as Webull reported stronger Q1 2026 revenue but a net loss tied to expansion spending, underscoring why regulated access matters for its European growth.
- MiCA centralized EU crypto licensing after a July 1 transition deadline and has produced roughly 200 licensed firms, so regulators will watch Webull’s passporting and compliance steps as the sector adapts.