Webull has launched crypto services in Australia, offering 240 cryptocurrencies in partnership with Coinbase Prime. The move comes after relaunching its US crypto offering, pulled in 2023 under the Biden administration. CEO Anthony Denier plans to expand into more markets following the recent launch in Brazil.

Shares in Webull (BULL) closed down 2.67% after relaunching US crypto services. The stock price traded flat at $15, up under 0.3% on Tuesday. BULL is up 1.25% over the past five trading days, according to Google Finance data.

Webull’s Australian market entry aims to address concerns in the local crypto industry about falling behind global developments. Industry experts have called on the Labor government to prioritize digital asset legislation to prevent further lagging in global markets. Binance’s Joy Lam emphasized the critical timing of regulatory discussions.

Read more at Cointelegraph: Webull Launches Australian Crypto Services After US Reboot