Webull Wins MiCAR Approval for European Crypto Launch

Webull EU has secured MiCAR approval in the Netherlands, clearing the way to launch regulated crypto custody services for European clients later this year under the bloc's digital asset rulebook.

The company announced Monday that the Netherlands' Autoriteit Financiële Markten (AFM) granted the authorization. Webull plans an initial rollout in the Netherlands before expanding across the rest of the EU through passporting.

The approval makes Webull one of the first dual-regulated investment firms in the Netherlands to receive MiCAR authorization, the company said. Crypto assets held by clients will be custodied by Webull EU, while trade execution will be handled through a partnership with Coinbase Luxembourg S.A.