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WeBull announces the restart of its Crypto Assets trading business with over 24 million global users.
[Chain News] PANews July 18 news, Webull Corporation ( Microbull Company, Nasdaq stock code BULL) announced that it will reintegrate Webull Pay LLC into the Webull group, planning to re-launch Crypto Assets trading on the platform. This move is part of its plan to reintroduce crypto trading on the platform. Previously, Webull had launched Crypto Assets trading in Brazil and plans to expand to more markets thereafter.
This integration is achieved through a business merger, and upon completion, Webull Pay LLC's parent company, Webull Pay Inc., will become a direct subsidiary of Webull Corporation. Webull group President Anthony Denier stated that the clarity of Crypto Assets regulatory policies in the U.S. and internationally is key to restarting this business. The merger has been approved by the company's board special committee and shareholders, and is still subject to customary closing conditions such as regulatory approvals. Currently, Webull operates investment services in 14 markets, with over 24 million registered users globally.