Webull Broke Up with Crypto, But Coinbase Sparks the Return in Brazil

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.

You may find it interesting at FinanceMagnates.com: Webull UK Traders Can Now Use TradingView to Trade US Shares.

$BULL Webull Re-Enters Crypto Market with Launch in Brazil

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.