Webull Launches Crypto Trading in Australia via Coinbase Prime
US-based buying and selling platform Webull has launched crypto buying and selling in Australia, providing entry to as much as 240 digital property by means of a brand new partnership with Coinbase Prime.
Key Takeaways:
- Webull has launched crypto buying and selling in Australia through Coinbase Prime, providing entry to 240 digital property with a aggressive 30bps unfold.
- The transfer is anticipated to strain native exchanges to decrease charges amid rising competitors.
- Webull’s integration with conventional account sorts and superior buying and selling instruments positions it as a low-cost various.
The rollout marks the platform’s third crypto market globally, after the U.S. and Brazil, the agency said in a Wednesday press release.
The Australian launch features a 30-basis-point unfold, which Webull claims makes it one of many lowest-cost crypto buying and selling choices within the nation.
Webull Launch Sparks Price Conflict Amongst Aussie Crypto Exchanges
Analysts count on the transfer to strain native exchanges to scale back charges or danger shedding market share in an already aggressive atmosphere.
“Crypto buying and selling is the following section of our mission to supply Australians with the liberty to commerce what they need, when they need,” mentioned Rob Talevski, CEO of Webull Securities Australia, in an announcement on Wednesday.
The providing is built-in throughout particular person accounts, SMSFs, trusts, and firm constructions, inserting crypto inside conventional funding frameworks and permitting retail customers to handle digital property alongside equities and ETFs.
The platform additionally consists of premium charting instruments, over 40 technical indicators, and 24/7 buyer assist.
The launch comes days after Webull resumed crypto trading in the U.S., following a brief suspension throughout its 2023 public itemizing course of.
CEO Anthony Denier described the return as a part of the agency’s “full-throttle” international growth into digital property.
Webull’s Australian crypto service runs on Coinbase Prime’s infrastructure, providing institutional-grade custody, real-time market information, and commerce execution. The transfer reinforces Coinbase’s ongoing push into international B2B partnerships.
With extra worldwide rollouts anticipated later this 12 months, Webull is positioning itself as an economical various to Australia’s established crypto exchanges, lots of which have confronted criticism for prime charges and restricted service options.
ASIC Shuts Down 14,000 Rip-off Websites
Australia’s securities regulator ASIC has taken down over 14,000 scam and phishing web sites since July 2023, with crypto-related fraud accounting for 20% of the removals.
The company now targets 130 new malicious websites every week, together with misleading social media advertisements and AI-powered schemes promising passive crypto revenue.
ASIC’s January–July 2025 enforcement replace highlights evolving rip-off techniques, together with cloaking, faux movie star endorsements, and “AI washing.”
The regulator has launched 345 new investigations, imposed $57.5 million in civil penalties, and wound up 95 firms tied to international pig butchering schemes, following $35.8 million in losses reported by victims in 14 international locations.
Regardless of rip-off losses falling from 2022’s $3.1 billion peak, Australians misplaced $945 million to funding scams in 2024, making it the nation’s most damaging fraud class.
ASIC’s wider enforcement has additionally focused greenwashing, misconduct in superannuation funds, and unlicensed operators, together with the prosecution of Mormarkets director Brendan Gunn for dealing with suspected rip-off proceeds.
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