Webull Corporation will consolidate its crypto operations by
merging Webull Pay LLC into the parent group, paving the way for the return of
cryptocurrency trading on its U.S. platform in the third quarter of 2025. The
move follows the company’s recent relaunch of crypto services in Brazil.
Preparation to Reintroduce Crypto Trading
The Nasdaq-listed brokerage said Thursday that the deal will
see Webull Pay Inc., the parent of Webull Pay LLC, become a direct subsidiary
of Webull Corporation. The transaction has received approval from both
companies’ boards and shareholders and is now subject to regulatory clearance and standard closing conditions.
“The improving clarity
of cryptocurrency regulations, both in the United States and
internationally, underlies our decision to bring crypto trading back
to our platform,” commented Anthony Denier, Group President and
U.S. CEO of Webull.
“With this consolidation, the Company will be better
positioned to meet the needs of our customers. We are excited about the
evolution of the financial services industry as it begins to adopt blockchain
technology, and we’ve already seen great success with our rollout in Brazil.
We look forward to tapping additional markets this year.”
Rollout in Brazil
The planned restructuring comes as Webull prepares to
reintroduce crypto trading to U.S. users through its investment app, following
what the firm described as a successful rollout in Brazil last month.
Additional international market launches are also expected before the end of
the year.
Webull currently operates in 14 markets across North
America, Asia Pacific, Europe, and Latin America, serving more than 24 million
registered users. Crypto trading is already available through the Webull app in
Brazil, with the company now focusing on expanding access globally.
Webull Corporation will consolidate its crypto operations by
merging Webull Pay LLC into the parent group, paving the way for the return of
cryptocurrency trading on its U.S. platform in the third quarter of 2025. The
move follows the company’s recent relaunch of crypto services in Brazil.
Preparation to Reintroduce Crypto Trading
The Nasdaq-listed brokerage said Thursday that the deal will
see Webull Pay Inc., the parent of Webull Pay LLC, become a direct subsidiary
of Webull Corporation. The transaction has received approval from both
companies’ boards and shareholders and is now subject to regulatory clearance and standard closing conditions.
“The improving clarity
of cryptocurrency regulations, both in the United States and
internationally, underlies our decision to bring crypto trading back
to our platform,” commented Anthony Denier, Group President and
U.S. CEO of Webull.
“With this consolidation, the Company will be better
positioned to meet the needs of our customers. We are excited about the
evolution of the financial services industry as it begins to adopt blockchain
technology, and we’ve already seen great success with our rollout in Brazil.
We look forward to tapping additional markets this year.”
Rollout in Brazil
The planned restructuring comes as Webull prepares to
reintroduce crypto trading to U.S. users through its investment app, following
what the firm described as a successful rollout in Brazil last month.
Additional international market launches are also expected before the end of
the year.
Webull currently operates in 14 markets across North
America, Asia Pacific, Europe, and Latin America, serving more than 24 million
registered users. Crypto trading is already available through the Webull app in
Brazil, with the company now focusing on expanding access globally.
This post is originally published on FINANCEMAGNATES.
