PANews reported on July 18 that Webull Corporation (Nasdaq stock code BULL) announced it will reintegrate Webull Pay LLC into the Webull group and plans to relaunch cryptocurrency trading on the platform. This move is part of its plan to reintroduce cryptocurrency trading on the platform. Previously, Webull launched cryptocurrency trading in Brazil and plans to expand to more markets in the future.
This integration is achieved through a business merger, and after completion, Webull Pay LLC's parent company Webull Pay Inc. will become a direct subsidiary of Webull Corporation. Anthony Denier, president of Webull Group, 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 is still subject to customary closing conditions including regulatory approvals. Currently, Webull operates investment services in 14 markets, with over 24 million registered users worldwide.
