Golden Finance reported that the American trading app Webull launched cryptocurrency services in Australia on Wednesday, offering users hundreds of different digital assets. Experts say this move will force local exchanges to drop fees, or they risk losing customers.
This launch is made possible through Coinbase Prime, making Australia the third crypto market for Webull after the United States and Brazil. According to the statement, the company commits to providing a 30 basis points spread.
Industry experts predict that the entry of Webull will bring competitive pressure to the cryptocurrency trading market in Australia, as local trading fees have remained high compared to the international market.
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Webull launches Crypto Assets services in Australia
Golden Finance reported that the American trading app Webull launched cryptocurrency services in Australia on Wednesday, offering users hundreds of different digital assets. Experts say this move will force local exchanges to drop fees, or they risk losing customers. This launch is made possible through Coinbase Prime, making Australia the third crypto market for Webull after the United States and Brazil. According to the statement, the company commits to providing a 30 basis points spread. Industry experts predict that the entry of Webull will bring competitive pressure to the cryptocurrency trading market in Australia, as local trading fees have remained high compared to the international market.