Webull Gains MiCAR Approval for European Crypto Expansion

The approval positions Webull as one of the first dual-regulated investment firms in the Netherlands to operate under the new European Union standards. While Webull EU will manage the custody of client assets, the platform has tapped Coinbase Luxembourg S.A. to handle trade execution. Andries van Luijk, CEO of Webull Securities (Europe), described the milestone as a pivotal step in the company’s regional growth strategy.

Following the July 1 expiration of the regulatory transition period, the MiCAR framework allows firms to utilize a single license to offer services across all member states via passporting. Although Webull currently holds authorization specifically in the Netherlands, the company is moving to secure the necessary passporting rights to expand its reach. This regulatory shift continues to reshape the industry, with companies like Ripple and Bridge recently securing similar licenses to broaden their footprint across the 30 countries of the European Economic Area.