Business Sandesh Indian Newspaper | Articles | Opinion Pieces | Research Studies | Findings & News | Sandesh News
Webull Securities Australia, a subsidiary of Webull Corporation (NASDAQ: BULL), launched cryptocurrency trading on August missing, allowing Australian users to trade up to 240 digital assets, including Bitcoin and Ethereum, at a competitive 30-basis-point spread. This expansion, announced on August 27, 2025, marks Webull’s third global crypto market, following successful launches in the U.S. and Brazil. The partnership with Coinbase Prime ensures institutional-grade custody, real-time market data, and seamless trade execution, positioning Webull as a low-cost leader in Australia’s crypto market.
“The addition of cryptocurrencies enhances our mission to empower Australian investors with diverse trading options,” said Rob Talevski, CEO of Webull Securities Australia. The platform supports individual accounts, Self-Managed Super Funds, trusts, and companies, integrating digital assets with traditional investments. Users benefit from advanced charting tools, over 40 technical indicators, and 24/7 support, making trading accessible and efficient.
However, a 0.50% FX fee for converting AUD to USD adds complexity, as trades require a Webull Pay wallets. Compared to competitors like CoinSpot (1% spread) or Swyftx (0.60% spread), Webull’s 0.30% spread is competitive, though fees vary across platforms like Binance (0.01–0.10% maker/taker).
This launch follows Webull’s U.S. crypto relaunch on August 25, 2025, after a 2023 hiatus due to regulatory challenges. With Australia’s crypto market regulated by AUSTRAC and ASIC, Webull’s entry intensifies competition, potentially driving down fees and boosting liquidity.
Webull’s move signals growing global crypto adoption, offering Australian investors a robust, cost-effective platform to diversify portfolios. As digital assets gain traction, this partnership with Coinbase Prime sets a new standard for secure, accessible crypto trading.
