Webull marks its third market launch in the APAC region by expanding to Australia

According to reports, the leading digital investment platform provider, Webull Corporation, recently revealed that it is seeing its third market launch in the Asia Pacific region. In other words, the company is expanding into Australia after previously introducing its services to Hong Kong and Singapore. The expansion to Hong Kong took place in 2021, while Singapore happened earlier this year.

Now, the trading platform provider is expanding to Australia as well. The company already has the Australian Financial Services (AFS) license for operating in the country, as it obtained it seven months ago using its local subsidiary, Webull Securities Australia.

What is next for Webull in Australia?

Thanks to the subsidiary, Australians can access a number of US-listed ETFs, equities, options, and even fractional shares. Webull also pointed out that all trades are at low commissions. It also stressed that only US-listed securities will be offered at first. However, the company also plans to introduce local Australian securities before long.

In order to do it, however, it must first gain membership access to the Australian Securities Exchange, as well as CBOE Australia. This will be its major focus in H1 2023. Next year should also see the appearance of Hong Kong-listed securities, according to the firm.

Webull Australia’s CEO, Rob Talevski, commented on the main corporation’s expansion into Australia. He said that Webull’s mobile platform is an excellent fit for the local market. Meanwhile, The Head of APAC operations at Webull, Bernard Teo, said that the launch represents an exciting step in Webull’s mission to help global investors enjoy not only advanced technology but investing itself.

Webull continues to expand its reach, as well as its offering

At this point, Webull serves tens of millions of users from all over the world. It is available in around 180 different countries, and it is very proud of both facts. It made its services available in the United States back in 2018, and it soon partnered with Apex Crypto LLC, a company based in Illinois. The partnership resulted in the company’s offering of cryptocurrency trading features to American traders.

Earlier this year, Cboe Global Markets said that Webull Financial LLC, the company’s subsidiary in the US, will start offering the new Nanos S&P 500 Index options supplied by Cboe itself. The Index emerged on the trading platform in Q1 2022, and the idea was to expand the choice of options trading for the firm’s customers. Along the way, it helped cement both partners’ commitment to offering services to the US retail trading community.

Apart from the ability to trade US-listed stocks, options, ETFs, and more, Webull also offers important industry data, news, educational resources, and more, all for the purpose of helping investors educate themselves and make the best decisions while investing.