Coinbase and Webull announced on August 31, 2026, that they are extending their crypto infrastructure partnership to Canada, adding the country to an existing relationship that already covers the United States, Brazil, and Australia.
Under the agreement, Coinbase will provide core infrastructure for Webull Canada Crypto Limited, including liquidity access and custody services for Canadian users. Webull Canada Crypto Limited is regulated by the Canadian Investment Regulatory Organization, known as CIRO, and is a member of the Canadian Investor Protection Fund. However, crypto assets held through the Webull Canada platform are not covered by CIPF protection.
Michael Constantino, CEO of Webull Canada, said crypto has become an increasingly important part of the asset mix for Canadian investors, and the partnership gives the platform the infrastructure to deliver services at the scale and reliability clients expect.
The expansion is timed to rising adoption. A survey by the Ontario Securities Commission found crypto ownership in Canada climbed to 25% of the population, up from 10% in 2023. Coinbase Canada is registered as a Restricted Dealer across all provinces and territories, supporting the rollout.
Both stocks moved modestly lower in early trading, with Webull dipping 1.3% and Coinbase falling 0.5%. The collaboration allows Webull Canada users to trade crypto alongside traditional securities in one interface, while Coinbase's Crypto-as-a-Service platform handles back-end technology and secure storage.
The companies framed the move as part of a broader convergence of traditional and digital finance. For Canadian retail investors, the integration may lower the barrier to crypto access through a familiar brokerage environment, although crypto trading remains volatile and carries inherent risks.