After halting global crypto services in 2023, Webull reintroduces digital asset trading on its main platform.
Brazilian users gain 24/7 access to popular cryptocurrencies including BTC and ETH.
Webull Corporation (NASDAQ: BULL) has resumed its
cryptocurrency business by allowing users to trade digital assets directly on
its main platform. The move marks the company's return to the crypto market
after stepping back in mid-2023.
In July 2023, Webull removed crypto trading from its core
platform and transferred those services to a separate app called Webull Pay. At
that time, the company had no dedicated crypto presence in Brazil.
Brazil First, US Next for Webull
Anthony Denier, Group President of Webull
Brazil, considered the largest market in Latin America, is
the first country to receive the updated service. Webull said it plans to
expand the offering to other regions, including the United States, in the
coming months.
“Brazil is a rapidly growing market for digital assets,
and this launch marks an important step as we bring crypto markets back to our
users,” said Anthony Denier, Group President and US CEO at Webull.
The Brazil launch is supported by a partnership with
Coinbase. Webull users in the country can now access real-time, 24/7 trading
for digital currencies such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and
Cardano (ADA) through the Webull platform.
Separately, Webull
Pay has signed an agreement with Coinbase to use its Crypto-as-a-Service
(CaaS) infrastructure. This backend integration will cover trading execution,
custody, staking, and access to the stablecoin USDC. The update is expected to
begin next month. Users may earn rewards for holding USDC, though these rewards
are not insured and may change over time.
Webull Corporation (NASDAQ: BULL) has resumed its
cryptocurrency business by allowing users to trade digital assets directly on
its main platform. The move marks the company's return to the crypto market
after stepping back in mid-2023.
In July 2023, Webull removed crypto trading from its core
platform and transferred those services to a separate app called Webull Pay. At
that time, the company had no dedicated crypto presence in Brazil.
Brazil First, US Next for Webull
Anthony Denier, Group President of Webull
Brazil, considered the largest market in Latin America, is
the first country to receive the updated service. Webull said it plans to
expand the offering to other regions, including the United States, in the
coming months.
“Brazil is a rapidly growing market for digital assets,
and this launch marks an important step as we bring crypto markets back to our
users,” said Anthony Denier, Group President and US CEO at Webull.
The Brazil launch is supported by a partnership with
Coinbase. Webull users in the country can now access real-time, 24/7 trading
for digital currencies such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and
Cardano (ADA) through the Webull platform.
Separately, Webull
Pay has signed an agreement with Coinbase to use its Crypto-as-a-Service
(CaaS) infrastructure. This backend integration will cover trading execution,
custody, staking, and access to the stablecoin USDC. The update is expected to
begin next month. Users may earn rewards for holding USDC, though these rewards
are not insured and may change over time.
Tareq is a financial writer with 15 years of experience covering global markets. His work spans technical analysis, forex broker reviews, and market sentiment, with a focus on topics relevant to retail traders. He joined Finance Magnates in 2023.
At Finance Magnates, he serves as News Editor, covering retail forex and CFD brokers, cryptocurrency exchanges, fintech firms, and regulatory developments shaping the trading industry. He holds an Honours degree in Information Technology from Anfell College, London.
Education:
Honours degree Information Technology, Anfell College, London
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