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ST. PETERSBURG, Fla. - Webull Corporation (NASDAQ:BULL), a $5.17 billion market cap fintech company with impressive 79.73% gross margins, announced Thursday its re-entry into the cryptocurrency market, beginning with Brazil as its first launch region.
Through a partnership with Coinbase, Webull users in Brazil can now buy and sell digital currencies directly within the platform. The service offers 24/7 real-time trading of popular cryptocurrencies including Bitcoin, Ethereum, Solana, and Cardano. According to InvestingPro data, Webull has demonstrated strong revenue growth of 11.41% over the last twelve months, suggesting robust platform adoption.
"Webull’s re-entry into crypto restores access to one of our clients’ favored asset classes while reflecting broader market demand for digital asset trading solutions," said Anthony Denier, Group President and US CEO at Webull.
The company plans to expand its cryptocurrency offerings to additional markets, including the United States, over the coming months. This expansion is part of Webull’s strategy to provide its users with access to various investment options. InvestingPro analysis indicates the stock tends to move counter to market trends, with a beta of -0.2, making it an interesting diversification option for investors. Get access to 12+ more exclusive ProTips and comprehensive analysis with InvestingPro.
Webull Corporation operates a digital investment platform serving more than 24 million registered users across 14 markets globally. The platform allows retail investors to trade stocks, ETFs, options, futures, fractional shares, and now digital assets.
The company’s return to cryptocurrency trading comes at a time when digital assets continue to gain mainstream adoption in financial markets worldwide. The Brazil launch represents the first step in what the company describes as a phased global rollout of its crypto trading capabilities.
This information is based on a press release statement issued by Webull Corporation. For detailed insights into Webull’s valuation and financial health metrics, check out the comprehensive Pro Research Report available on InvestingPro, covering what really matters for smarter investment decisions.
In other recent news, Webull Corporation reported a 32% increase in total revenues for the first quarter of 2025, reaching $117.4 million. The company’s adjusted operating profit also rose significantly to $28.7 million, reflecting a strong financial performance despite challenging market conditions. Additionally, Webull announced the redemption of its outstanding incentive warrants, set for June 30, 2025, allowing warrant holders to exercise their options before the deadline. The company has expanded its board by appointing Walter Bishop, a seasoned finance veteran, as an independent director. This move aims to strengthen Webull’s governance structure as it continues to grow its platform. Furthermore, Webull plans to expand its product offerings, including corporate bond trading and mutual funds support, with crypto trading set to expand internationally. The company added 800,000 users in the first quarter, bringing its total user base to 24.1 million. Despite these positive developments, Webull’s stock experienced a decline in aftermarket trading, highlighting investor concerns over future growth prospects.
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