The expansion marks a significant step for the NASDAQ-listed Webull Corporation, which currently operates in 16 global markets. Under the new authorization, Webull EU plans to launch its crypto operations in the Netherlands by late 2026. The company intends to leverage a strategic partnership with Coinbase Luxembourg S.A. to handle trade execution, while Webull itself maintains custody of client assets.

Andries van Luijk, CEO of Webull Securities (Europe), described the approval as a vital component of the firm's broader European strategy. By securing one of the first dual-regulated authorizations in the Netherlands, the company aims to differentiate itself through strict adherence to the EU’s comprehensive digital asset framework. While initial services are confined to the Netherlands, the firm is actively pursuing passporting rights to extend its crypto offerings to the remainder of the European Union member states.