According to Foresight News, as reported by Investing, Webull Corporation (微牛公司, Nasdaq stock code BULL) announced that it will reintegrate Webull Pay LLC into the Webull group, planning to relaunch cryptocurrency trading on its platform. This move is part of its plan to reintroduce cryptocurrency trading services.
Previously, Webull had launched cryptocurrency trading in Brazil and plans to expand to more markets subsequently. 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 clarity on cryptocurrency 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 it still needs to meet regulatory and customary closing conditions. Currently, Webull provides investment services in 14 markets, with over 24 million registered users worldwide.
