Webull's European unit secured authorization under the European Union's Markets in Crypto-Assets Regulation, giving the online brokerage regulatory approval to launch crypto custody services from the Netherlands. The approval came shortly after July 1, 2026, the final deadline for transitional arrangements under MiCA. The company plans to begin European crypto operations in late 2026, with the authorization initially covering the Dutch market while passporting approval for EU-wide expansion remains pending. The authorization allows Webull to provide regulated custody services for crypto assets to European clients under MiCA's investor-protection and operational requirements. MiCA establishes common rules covering authorization, supervision, disclosure, and operating standards for crypto-asset businesses across the EU, applying to crypto assets not already covered by existing European financial-services legislation.
Webull's Dutch Authorization Covers Initial Market Only
The authorization currently applies in the Netherlands. The regulatory passport needed to serve clients elsewhere in the bloc remains pending. Under the EU framework, an authorized crypto-asset service provider can use passporting rights to expand across member states without applying for a separate full license in every country.
Webull has not disclosed when it expects the passporting process to be completed, which crypto assets it intends to support, or whether the initial launch will include execution and trading services in addition to custody. The company's statement specifically highlighted regulated crypto custody, indicating that holding client assets will form part of the planned offering.
Firms that had previously operated under national crypto registrations were permitted to continue temporarily while applying for authorization under the EU-wide framework, subject to the transition period adopted by their home jurisdiction. With those arrangements now ending, crypto firms seeking to continue regulated operations in the bloc must obtain authorization under MiCA or leave the relevant markets.
Webull Securities Europe Holds Existing Brokerage Permissions Across EU Markets
Webull Securities Europe already operates as an investment firm and has built passporting permissions for brokerage activities across multiple European markets. The Dutch Financial Markets Authority's register shows Webull Securities Europe holding permissions linked to numerous EU and European Economic Area countries, with many market entries recorded during January and February 2026.
The MiCA authorization adds crypto custody and potentially other digital-asset services to that broader securities operation. Webull previously offered cryptocurrency trading in the US before transferring those operations to a separate platform during a period of heightened regulatory uncertainty. The company later moved to reintroduce crypto trading in its domestic market as the regulatory environment changed.
Webull Reports $571 Million Revenue for 2025
The Nasdaq-listed company reported $571 million in revenue for 2025, up 46% from the previous year, while trading-related revenue increased 59%. Customer assets reached $24.6 billion, funded accounts rose to 5 million, and registered users increased to 26.8 million.
Equity notional trading volume reached $239 billion in the fourth quarter, an increase of 87% from the same period a year earlier. Daily average revenue trades rose to 1.2 million. The company has identified global expansion and new product development as areas of investment.
FAQ
What regulatory approval did Webull receive in the Netherlands?
Webull's European unit secured authorization under the European Union's Markets in Crypto-Assets Regulation. The approval allows the company to provide regulated custody services for crypto assets to European clients under MiCA's investor-protection and operational requirements.
When will Webull launch crypto services in Europe?
Webull plans to begin its European crypto operations in late 2026. The authorization initially covers the Dutch market, with passporting approval for EU-wide expansion still pending.
What financial results did Webull report for 2025?
Webull reported $571 million in revenue for 2025, up 46% from the previous year. Customer assets reached $24.6 billion, funded accounts rose to 5 million, and registered users increased to 26.8 million. Equity notional trading volume reached $239 billion in the fourth quarter, an increase of 87% year-over-year.
