Webull, the U.S.-based trading platform known for its commission-free stock and ETF trading, has officially launched cryptocurrency trading in Australia, marking its third global crypto market entry after the United States and Brazil.

The move comes just days after Webull resumed crypto operations in the U.S., following a two-year regulatory hiatus. The Australian rollout is powered by a strategic partnership with Coinbase Prime, offering access to 240 digital assets with institutional-grade custody and real-time market data

Webull’s crypto offering features a flat 0.30% spread on trades, positioning it among the lowest-cost platforms in Australia. However, users must convert AUD to USD before trading, incurring a 0.50% FX fee, which slightly affects its competitiveness compared to platforms like Binance and Kraken

Despite this, Webull’s integration with Self-Managed Super Funds (SMSFs), trusts, and corporate accounts makes it a compelling option for investors seeking to diversify their portfolios with digital assets

Rob Talevski, CEO of Webull Securities Australia, emphasized the platform’s mission to empower investors:

“The addition of cryptocurrencies and digital tokens to the Webull platform represents the next phase of our ongoing mission to provide Australian investors with the freedom to trade what they want, when they want,” he said

Webull’s U.S. CEO, Anthony Denier, echoed this sentiment, describing the global rollout as a “full-throttle expansion into everything digital.”

Webull’s entry into Australia aligns with its broader international strategy, with further launches expected in Southeast Asia and the Middle East. The timing also coincides with Australia’s push for clearer crypto regulations, as the re-elected Labor government works to implement a licensing framework for digital asset platforms

Industry experts believe Webull’s presence could pressure local exchanges to lower fees and enhance service offerings, sparking a new wave of competition in the Australian crypto spaceing a new wave of competition in the Australian crypto space.

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