- Webull EU receives Dutch MiCAR approval to offer regulated crypto custody services across Europe.
- Coinbase Luxembourg will execute crypto trades while Webull manages customer asset custody.
- Webull plans a late 2026 crypto launch, pending wider EU passporting approval.
Webull EU has secured MiCAR approval from Dutch regulators, allowing the investment platform to introduce regulated crypto services in the European Union.
The approval marks a major step in Webull’s European expansion strategy as financial firms increasingly seek compliance under the bloc’s digital asset regulations. Webull EU will initially launch services in the Netherlands before pursuing broader access across EU markets through passporting approval.
Webull Gains Dutch MiCAR Authorization for Crypto Operations
Webull EU, the European subsidiary of Webull Corporation, received authorization from the Netherlands’ Autoriteit Financiële Markten (AFM) to offer crypto-asset services under the Markets in Crypto-Assets Regulation (MiCAR).
The approval allows Webull users to access crypto services through its existing investment platform while maintaining regulated custody arrangements. However, crypto trade execution will be handled through a partnership with Coinbase Luxembourg S.A.
Webull EU will manage custody of client crypto assets, while Coinbase Luxembourg will execute customer orders. This structure enables Webull to provide digital asset services without building separate trading infrastructure internally.
According to Webull Securities (Europe) CEO Andries van Luijk, the approval represents an important milestone for the company’s European ambitions. He stated that the firm aims to provide secure and compliant digital asset access under the EU’s regulatory framework.
Moreover, Webull becomes one of the first dual-regulated investment firms in the Netherlands to receive MiCAR approval. The authorization adds crypto custody capabilities to its existing investment services, which include traditional financial products.
MiCAR Expansion Drives European Crypto Competition
Webull plans to begin crypto operations in late 2026, with the initial approval applying only to the Netherlands. Meanwhile, the company is awaiting passporting approval to extend services across additional European Union member states.
The MiCAR framework allows licensed crypto service providers in one EU country to expand into other member states without securing separate national approvals. Therefore, passporting remains an important step for Webull’s wider European rollout.
The approval arrives as more companies adjust to Europe’s stricter crypto regulatory environment. Following the end of MiCAR’s transition period, firms have accelerated licensing efforts to continue operating within the region.
Other companies, including Ripple and Bridge, have also secured European regulatory approvals as demand for compliant crypto services increases.
As competition grows, Webull’s entry highlights the continued integration between traditional investment platforms and digital assets. The company’s regulated approach could help attract investors seeking crypto exposure through established financial services providers.
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