Webull — a major U.S.-based brokerage with over 27 million registered users — has had a turbulent relationship with cryptocurrency. From a 2023 suspension to a 2025 U.S. relaunch and a 2026 Canadian expansion, the platform's crypto journey offers a valuable case study in how regulation, market demand, and institutional strategy intersect. This guide walks you through what happened, why it matters for crypto markets, and how to interpret developments going forward.
Webull's cryptocurrency journey has been marked by strategic pivots, regulatory uncertainty, and a determined return to the digital asset space. Here is the timeline in detail.
In 2021, Webull became one of the first mainstream retail trading platforms to introduce cryptocurrency trading, allowing users to buy and sell digital assets alongside stocks and ETFs. The offering was popular, but the regulatory landscape in the U.S. was becoming increasingly complex.
In 2023, Webull suspended cryptocurrency trading for U.S. users. The decision was driven by two factors: the company's ambition to go public via a U.S. stock exchange listing and the need to navigate evolving federal regulatory standards[reference:1][reference:2]. CEO Anthony Denier later explained that the removal "was against what our customers were asking for," but it was a necessary step at the time[reference:3].
On August 25, 2025, Webull officially re-enabled cryptocurrency trading for all U.S. customers after a two-year hiatus[reference:4][reference:5]. The relaunch was made possible by a shift in the U.S. regulatory environment, including the signing of the GENIUS Act into law, which provided greater legal clarity for digital assets[reference:6][reference:7]. The platform initially supported over 50 digital assets, including Bitcoin, Ethereum, and Solana[reference:8]. A quiet rollout had already taken place in Brazil in June 2025[reference:9].
On June 17, 2026, Webull's dedicated crypto entity, Webull Canada Crypto Limited, received approval from the Canadian Investment Regulatory Organization (CIRO) to offer cryptocurrency trading[reference:11]. Just fourteen days later, on June 30, 2026, Webull launched crypto trading in Canada[reference:13]. The service supports six digital assets — Bitcoin, Ethereum, Solana, XRP, Cardano, and Litecoin — with 24/7 trading and zero commission fees[reference:15].
In the same week, Webull Securities (Thailand) entered into an acquisition agreement with Pi Securities, a Thai investment firm with over 50 years of market presence, valued at approximately US$100 million[reference:17]. The deal, disclosed to the Stock Exchange of Thailand on June 29, 2026, remains subject to regulatory and shareholder approvals[reference:18].
Webull's moves in the crypto space are not just company-specific news. They have broader implications for the cryptocurrency market as a whole.
Webull has over 27 million registered users and 5.1 million funded accounts as of Q1 2026, with approximately $24 billion in customer assets[reference:19][reference:20]. When a platform of this scale integrates cryptocurrency, it provides millions of retail investors with easy, familiar access to digital assets. This can drive adoption and increase overall market liquidity.
Webull's 2023 suspension was a direct response to regulatory uncertainty. Its 2025 relaunch and 2026 Canadian expansion signal that regulatory clarity — at least in certain jurisdictions — is improving. This can serve as a leading indicator for other platforms considering similar moves. Webull's partnership with Solidus Labs for trade surveillance and risk monitoring further underscores its commitment to compliance[reference:21].
Webull's integration with Coinbase's Crypto-as-a-Service (CaaS) platform in March 2026 highlights a growing trend: traditional brokerages leveraging institutional-grade crypto infrastructure rather than building it from scratch. This allows for faster scaling and better security, benefiting the broader ecosystem.
When a major brokerage like Webull adds or removes crypto services, it can influence investor sentiment. The 2023 suspension was a bearish signal; the 2025 relaunch and 2026 expansion are bullish signals. However, as with any market signal, the impact should be interpreted in context — not as a standalone indicator.
As of mid-2026, Webull offers cryptocurrency trading across multiple jurisdictions, but the specifics vary by region. Here is a detailed comparison.
| Feature | United States | Canada | Brazil |
|---|---|---|---|
| Launch / Relaunch Date | August 25, 2025[reference:25] | June 30, 2026 | June 2025[reference:27] |
| Number of Assets | 50+[reference:28] | 6 (BTC, ETH, SOL, XRP, ADA, LTC) | 50+[reference:30] |
| Commission | $0 commission, ~1% spread[reference:31] | $0 commission | $0 commission |
| Trading Hours | 24/7[reference:33] | 24/7 | 24/7 |
| Regulatory Status | SEC / FINRA regulated[reference:35] | CIRO approved | Regulated |
| Protection | Not SIPC-protected[reference:37] | Not CIPF-protected[reference:39] | Varies |
| Custody Provider | Coinbase / Bakkt[reference:41] | Webull Canada Crypto Limited | Varies |
All information is as of July 2026. Always verify current availability, fees, and supported assets directly through Webull's official platform or app.
While Webull's crypto offering is convenient, it comes with important limitations:
Interpreting Webull's cryptocurrency developments requires a balanced approach that separates signal from noise. Here is a framework.
Webull provides access to crypto trading, but not ownership in the sense of self-custody. You can buy and sell, but you cannot transfer your crypto to a private wallet. This makes Webull more suitable for trading and speculation than for long-term holding or decentralized finance (DeFi) participation. For many retail investors, this is perfectly adequate — but it is a critical distinction to understand.
Webull's crypto availability is closely tied to regulatory approvals. The Canadian launch followed CIRO approval; the U.S. relaunch followed the GENIUS Act[reference:49]. If you are monitoring Webull's crypto offerings, pay attention to regulatory news in your jurisdiction. Changes in rules can expand or restrict access.
Webull is not operating in a vacuum. Robinhood entered the Canadian market in 2026, and other brokerages are also expanding their crypto offerings. Webull's moves should be seen as part of a broader trend of traditional finance (TradFi) integrating digital assets. Competition can lead to better pricing, more features, and improved user experience.
While Webull's crypto relaunch and expansion are positive developments, they should not be overinterpreted. Crypto revenue remains a small fraction of Webull's total revenue[reference:51][reference:52]. The company's stock (BULL) has declined significantly — down approximately 44% in the 12 months leading to mid-2026 — reflecting broader market challenges rather than the success of its crypto initiatives. Treat Webull's crypto news as one data point among many.
Emma is a Canadian investor who wants to start buying cryptocurrency. She already has a Webull account for stocks and sees that Webull has just launched crypto trading in Canada. Here is how she evaluates the opportunity:
Outcome: Emma makes an informed decision. She starts with a small investment, uses Webull for its convenience and integration with her existing account, and understands the trade-offs. She plans to use a dedicated crypto exchange if she ever wants to hold assets in self-custody.
If you are considering using Webull for cryptocurrency trading, use this checklist to stay informed and make sound decisions.
This guide is for educational and informational purposes only. It does not constitute financial, investment, legal, or tax advice. Cryptocurrency trading on Webull — or any platform — carries substantial risks, including:
You are solely responsible for your own decisions. Never invest more than you can afford to lose. Always conduct your own research and consult with qualified professionals for personalized advice. The information in this guide is time-sensitive; verify current prices, fees, rules, and platform availability directly through Webull's official channels.
As of mid-2026, no. Webull does not support crypto withdrawals to external wallets. You must sell your crypto and withdraw the fiat currency proceeds[reference:66].
No. Crypto assets held on Webull are not protected by SIPC (in the U.S.) or CIPF (in Canada)[reference:67][reference:68]. Only securities like stocks and ETFs are SIPC-protected.
The selection varies by region. In the U.S., Webull supports over 50 digital assets, including Bitcoin, Ethereum, and Solana[reference:69]. In Canada, the initial offering includes six assets: Bitcoin, Ethereum, Solana, XRP, Cardano, and Litecoin.
Webull does not charge a commission on crypto trades. However, it applies a spread of approximately 1% on each trade[reference:71]. A round-trip trade (buy and sell) effectively costs about 2%[reference:72].
Yes. In the U.S., Webull Financial LLC is registered with the SEC and a member of FINRA[reference:73]. In Canada, Webull Canada Crypto Limited is regulated by CIRO[reference:74]. However, the crypto trading arm operates under separate regulatory frameworks and may not have the same protections as the securities side.
Webull suspended crypto trading in 2023 due to regulatory uncertainty and the company's ambition to go public via a U.S. stock exchange listing[reference:75][reference:76]. The suspension was lifted in August 2025 after the regulatory environment became clearer[reference:77].
In March 2026, Webull Pay partnered with Coinbase to leverage its Crypto-as-a-Service (CaaS) platform, integrating Coinbase's brokerage, subcustody, and trade finance infrastructure. This allows Webull to offer crypto trading without building the underlying infrastructure from scratch.
Webull offers convenience — you can trade crypto alongside stocks and ETFs in one app. However, it lacks key features of dedicated exchanges, such as crypto withdrawals, staking, and a wider range of altcoins. It is best suited for casual traders who do not need self-custody[reference:79].