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ST. PETERSBURG, Fla. - Webull Corporation (NASDAQ:BULL), a $6.25 billion market cap fintech company currently trading at $12.90, announced Thursday it will integrate Webull Pay LLC back into the Webull group as part of its strategy to reintroduce cryptocurrency trading services across its global platform. The company has demonstrated solid financial performance with revenue of $417.4 million and 11.41% growth in the last twelve months.
The consolidation follows Webull’s crypto trading launch in Brazil last month and positions the company to expand the service to additional markets, including the United States during the third quarter of 2025.
According to the company, the business combination will result in Webull Pay Inc., the parent company of Webull Pay LLC, becoming a subsidiary of Webull Corporation. The arrangement has received approval from a special committee of Webull’s board and Webull Pay Inc. shareholders, with closing subject to regulatory approvals and other customary 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," said Anthony Denier, Group President and U.S. CEO of Webull.
Webull operates a digital investment platform serving more than 24 million registered users across 14 markets in North America, Asia Pacific, Europe, and Latin America. The platform offers trading in global stocks, ETFs, options, futures, fractional shares, and digital assets. According to InvestingPro analysis, the company maintains a healthy current ratio of 1.29 and trades at an attractive P/E ratio of 2.72, though current analysis suggests the stock may be overvalued.
The company stated that additional market rollouts for cryptocurrency trading are expected later this year following the service’s introduction in Brazil.
The announcement comes as financial services companies increasingly explore blockchain technology applications and as regulatory frameworks for digital assets continue to develop globally. For deeper insights into Webull’s financial health, growth prospects, and detailed analysis, investors can access comprehensive Pro Research Reports available exclusively on InvestingPro, which covers over 1,400 US stocks with expert analysis and actionable intelligence.
This article is based on a press release statement from Webull Corporation.
In other recent news, Webull Corporation has entered into a $1 billion standby equity purchase agreement with Yorkville Advisors, allowing the company to issue Class A ordinary shares at its discretion over a three-year period. This strategic move is intended to support growth opportunities such as product expansion and geographic reach, as noted by Anthony Denier, Webull’s Group President and U.S. CEO. Additionally, Webull has re-entered the cryptocurrency market, starting with a launch in Brazil through a partnership with Coinbase, enabling users to trade popular digital currencies. The company plans to extend its cryptocurrency offerings to more markets, including the United States, in the coming months. In governance developments, Webull has appointed Walter Bishop, a seasoned finance professional, as an independent director on its Board of Directors. Bishop brings extensive experience from his previous roles at major financial institutions like Deutsche Bank and Barclays. Furthermore, Webull has announced the redemption of its incentive warrants, exercisable at $10.00 per share, set for June 30, 2025. This redemption is part of the company’s strategic financial maneuvers, as outlined in a press release statement.
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