The St. Petersburg, Fla.-based fintech announced on Tuesday that Canadian residents are now eligible to trade both Canadian- and U.S.-listed equities on its app. Webull, founded by Chinese Alibaba alum Anquan Wang and now incorporated in the Cayman Islands, received regulatory approval in November to launch its do-it-yourself investing platform in Canada. (The Logic)

Talking point: In the U.S., Webull rivals Menlo Park, Calif.-based trading platform Robinhood; with its expansion into Canada, it stands to compete against Toronto’s Wealthsimple and Questrade. “Webull sees a huge opportunity to disrupt a traditionally expensive brokerage system in Canada,” Webull Canada’s CEO Michael Constantino said in an email. The discount brokerage charges $2.99 per trade for Canadian equities and US$2.99 per trade for U.S. equities. It expanded into the U.K. in July and acquired Mexican investment platform Flink in November.

Correction: Webull is no longer owned by Fumi Technology. This item has been updated.