Webull Canada received CIRO approval to offer Bitcoin, Ethereum, XRP and other crypto trading. Beta access starts in the coming weeks with low, transparent pricing.
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Webull Canada won approval from the Canadian Investment Regulatory Organization to offer crypto trading, the retail brokerage said Tuesday. The service will launch with beta access for select clients, then a wider rollout in the coming weeks.
Michael Constantino, CEO of Webull Canada, called the approval an important milestone. “Many Canadians are looking for credible access to digital assets, and we look forward to offering investors another way to diversify their portfolios and take more control of their finances through the Webull platform,” he said.
The platform will support Bitcoin, Ethereum, XRP and other assets, with 24/7 trading and a low, transparent pricing model. Customers manage funding, trading, reporting and portfolio monitoring within the same app.
The expansion follows Webull’s broader crypto push. The brokerage resumed crypto trading for U.S. clients last year after suspending the service in 2023 amid regulatory pressure. Brazil was the first market where Webull restarted crypto offerings. The U.S. service now lists more than 50 coins, including Solana.
Webull Canada joins a growing number of regulated brokers offering direct crypto access north of the border. Constantino framed the launch as a response to demand for credible on-ramps – a pitch that carries weight after a wave of exchange failures and regulatory tightening. The CIRO approval gives Webull a compliance edge over unregistered platforms still operating in a gray zone.
For Canadian investors, the addition means another option for crypto exposure inside a tracked brokerage account. Most of the big bank-owned brokerages still limit crypto access to ETFs. Webull’s direct-coin offering competes with the likes of Wealthsimple and Coinbase Canada on pricing and interface.
Beta access starts within weeks. Full terms on fees and the full coin list haven't been published yet. Constantino said the company would share those details closer to the general launch.
The move reinforces a broader shift: regulators are approving crypto services for mainstream brokerages faster than many expected two years ago. CIRO’s green light suggests the Canadian framework can accommodate direct crypto trading under existing dealer rules, without a separate license. That could speed up similar applications from other retail brokers watching the Webull rollout.
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