Webull Secures MiCAR Approval, Opens Door to Crypto Trading Across Europe

What happened

Webull EU received formal approval from the Dutch regulator, Autoriteit Financiële Markten, under the EU Markets in Crypto Assets Regulation (MiCAR), allowing it to offer crypto trading and custody to European clients.

Confirmed

Global impact / market context

The approval makes Webull one of the first dual‑regulated firms in the Netherlands able to provide crypto services, giving it a legal foothold in Europe and potentially attracting users who need a regulated platform for buying and holding digital assets.

Analyst inference

MiCAR is the EU’s first comprehensive rulebook for crypto, and early authorisations signal that regulated crypto trading is becoming mainstream, which could increase competition among brokers and push other firms to seek similar licences.

Analyst inference

What to watch

1. Whether Webull expands its crypto offering beyond the initial assets, which would show how quickly it can scale its regulated service. Analyst inference
2. How the partnership with Coinbase Luxembourg for trade execution performs, indicating the reliability of the regulated pipeline for order flow. Analyst inference
3. Regulatory actions in other EU countries that could either speed up or slow down additional MiCAR licences for competitors. Analyst inference

Affected assets

• BTC — Bitcoin

Evidence

• cryptointelligence.co.uk