Webull – Earlybirds Invest

Webull has rolled out cryptocurrency trading in Australia, following its recent return to the digital asset market in the United States.

The Australian branch of the trading app allows users to access 240 different crypto assets, according to a press release dated August 27.

This launch is backed by a partnership with Coinbase

$1.37B

Prime, which supports the service with trade execution and custody infrastructure.

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Rob Talevski, CEO of Webull Securities Australia, described the update as part of the company’s goal to give local investors more options. He explained that adding digital assets helps users manage different types of investments all in one place.

The decision to expand in Australia comes two days after Webull restored its crypto services in the US, a market it had left in 2023. At that time, the company was preparing to go public and decided to pause crypto offerings in response to a less favorable regulatory climate under the Biden administration.

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CEO Anthony Denier told Bloomberg on August 25 that users had requested the return of crypto trading, and the company is simply responding to what customers expect.

The firm also plans to expand into other parts of the world. In a separate announcement on August 25, Webull said that additional markets would be added soon. Brazil has become one of the first new regions to receive access to crypto trading through the platform.

On August 12, Coinbase relaunched its Stablecoin Bootstrap Fund to grow USDC
USDC

$0.9957

liquidity in DeFi. What is it? Read the full story.

Flock

According to Coindesk Research’s technical analysis model, it has traded in the range of 0.00005422 over the last 24 hours, falling 1.87% since swinging to a minimum of $0.00008913, from $0.00009435 to $0.00008913.

The volatile session of the token was marked at a sharp 4% meeting in the US morning hours, and made positive profits as resistance formed near the $0.00009400 level. Before it steadily declined in US afternoons, trading volumes surged to 95.85 billion tokens at rally height.

Floki’s price action coincided with a significant milestone announced earlier in the project today. The team has revealed that Floki is listed on Webull Pay, a popular US retail crypto trading platform run by Webull, which boasts over 24 million users. According to the team, the list is pushing forward the stated goal of significantly improving liquidity, expanding access to millions of potential new owners, and becoming the most recognized and widely used cryptocurrency in Floki.

Despite the weakness during the day and late decline, Floki was above the low session. While sellers have continued to be dominant at a higher level due to unsuccessful recovery attempts around $0.00009016, the ability of tokens above $0.00008900 may suggest fundamental support near the region as the market digests the meaning of the web list.

Technical Analysis Highlights

Floki showed a sharp shift in direction around the main psychological level from $0.00008900 to $0.00009400.
Early session profits were quickly unlocked as volumes dried up after 9:00 UTC Rally.
Sales pressure was dominated by over $0.00009350 after being repeatedly rejected.
The final selloff defeated temporary daytime support for $0.00009000.
The amounts during the pullback phase remained elevated and showed distribution.
Despite the near shortcomings, the price avoided a deep breakdown of less than $0.00008900.

Disclaimer: Part of this article is generated with the support of AI tools and reviewed by the editorial team to ensure accuracy and compliance Our standards. For more information, please refer Coindesk’s complete AI policy.