Webull Launches Australian Crypto Services After US Reboot
Webull has launched crypto services in Australia, just days after reintroducing its crypto offerings in the US following a two-year hiatus. This move comes in partnership with Coinbase Prime, allowing Australian investors access to 240 cryptocurrencies. Webull's CEO, Rob Talevski, stated that the inclusion of digital tokens reflects their commitment to providing users with diverse trading options. The relaunch in the US, initiated amid a more favorable regulatory environment, follows the company's previous withdrawal from the market under the Biden administration. Webull's CEO, Anthony Denier, emphasized that the company is responding to customer expectations. Furthermore, Webull is looking to expand its crypto services into more regions, having already entered the Brazilian market earlier this year. The timing of Webull's Australian entry aligns with growing local industry concerns about keeping pace with global crypto developments, prompting calls for more urgent legislative action from the newly elected Labor government to avoid falling behind.
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