Coinbase and Webull have announced that they are bringing their crypto infrastructure partnership to Canada, extending a relationship that already covers the United States, Brazil, and Australia.

JUST IN: 🇨🇦 Coinbase signs crypto infrastructure deal with Webull in Canada. — Watcher.Guru (@WatcherGuru) August 31, 2026

Under the agreement, Coinbase will supply core crypto infrastructure to Webull Canada Crypto Limited, including liquidity access and custody services for Canadian users of the Webull platform. Deals of this kind let brokerage platforms add crypto trading without building the underlying custody, liquidity, and compliance plumbing themselves — a model often described as Crypto-as-a-Service, which Coinbase has marketed to banks, fintechs, and brokers in multiple jurisdictions.

Webull Canada Crypto Limited is regulated by the Canadian Investment Regulatory Organization (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. The platform offers order-execution-only crypto trading. That distinction matters in Canada, where crypto trading platforms operate under a different regulatory framework than securities brokerages; Canadian regulators have required crypto platforms to register with provincial authorities, and Coinbase Canada is registered as a Restricted Dealer across all Canadian provinces and territories, giving it the regulatory standing needed to support the Canadian rollout.

Michael Constantino, CEO of Webull Canada, said the partnership gives the platform the infrastructure to deliver services at the scale and reliability clients expect. He also noted that crypto has become an increasingly important part of the asset mix for Canadian investors.

Growing Crypto Demand in Canada

A recent survey by the Ontario Securities Commission found that crypto ownership in Canada has climbed to 25% of the population, up from 10% in 2023, underscoring how quickly adoption has grown.

The expansion appears timed to meet that demand. Webull is positioning itself to serve Canadian investors who want access to crypto through a regulated brokerage environment.

Coinbase's Crypto-as-a-Service platform is the backbone of the offering, and it is the same platform that powers Webull's crypto features in its other markets.

The companies said they are working to build access to crypto through compliant and reliable infrastructure, framing the partnership as part of a broader push toward digital finance for the next generation of investors.

Stock Reaction

Both stocks moved on the news: Webull dipped 1.3% and Coinbase fell 0.5% in early Monday trading.

Coinbase (COIN) is a publicly traded company listed on major exchanges. Webull is a global brokerage platform that has been expanding its product lineup in recent years.

The Canada expansion marks another step in Coinbase's strategy of powering crypto services for other platforms rather than only serving retail customers directly — a business-to-business line that diversifies its revenue beyond retail trading. Webull Canada will now be able to offer its users access to Coinbase's liquidity and secure infrastructure, which the companies said is designed to improve the overall crypto experience for Webull's Canadian clients.

The partnership adds Canada to a growing list of markets where the two companies work together on crypto delivery, and the pace of that expansion will be a key indicator of how broadly the infrastructure model spreads across regulated brokerages worldwide.