Webull EU has secured MiCAR approval from the Netherlands' Autoriteit Financiële Markten (AFM), clearing the way to launch regulated crypto custody services for European clients later this year under the European Union's Markets in Crypto-Assets Regulation framework. According to the company's announcement, this approval makes Webull one of the first dual-regulated investment firms in the Netherlands to receive MiCAR authorization. The approval allows Webull to begin offering crypto-asset services under the EU's new regulatory framework, with an initial rollout planned in the Netherlands before expanding across the rest of the EU through passporting. As reported by the company, Webull users will be able to use the Webull platform to transmit orders for crypto assets to be custodied by Webull EU, with execution carried out through a partnership with Coinbase Luxembourg S.A.
Under the approved framework, Webull EU will provide crypto custody services while Coinbase Luxembourg S.A. will handle trade execution for European users. As reported by the company, this partnership structure ensures both regulated custody and execution capabilities for the European market. European users will be able to place crypto orders through the Webull platform across multiple asset classes once operations begin in late 2026. The MiCAR approval also allows Webull to provide regulated custody services that meet the investor protection and operational standards required under the EU framework. According to Andries van Luijk, CEO of Webull Securities (Europe), the company is pleased to have received MiCAR approval from the AFM, marking an important milestone in Webull's European ambitions, stating that as one of the first dual-regulated investment firms to receive MiCAR approval in the Netherlands, they are committed to providing clients with secure and compliant access to digital assets under the EU's comprehensive regulatory framework.
According to Andries van Luijk, CEO of Webull Securities (Europe), the company is pleased to have received MiCAR approval from the AFM, marking an important milestone in Webull's European ambitions. The CEO stated that the company intends to provide clients with regulated access to digital assets under the EU's new framework. While the initial approval covers the Netherlands, Webull noted that passporting approval remains pending before it can extend the service across other EU member states under MiCAR's single licensing regime. This regulatory structure allows companies authorized in one member state to offer covered crypto services across the European Economic Area without obtaining separate licenses in each country. As a subsidiary of Webull Corporation (NASDAQ:BULL), Webull EU will leverage the parent company's platform to deliver regulated crypto services to European clients.
The development represents part of a broader trend as more financial and crypto firms secure MiCAR authorization following the end of the regulation's transition period on July 1. Recent approvals have increasingly centered on Luxembourg, which has become a key licensing base for firms expanding regulated crypto operations in Europe. Earlier this month, Ripple received a full Crypto Asset Service Provider license from Luxembourg's Commission de Surveillance du Secteur Financier, allowing it to offer regulated crypto payment services across the European Economic Area. Bridge also secured both a MiCA CASP authorization and an Electronic Money Institution license in Luxembourg, enabling it to provide euro-backed stablecoin infrastructure and cross-border payment services throughout the European Union.
