US LNG exports surge but will buyers in China turn up?
Webull Corporation (BULL) announced it will integrate Webull Pay LLC back into the Webull group as part of plans to reintroduce cryptocurrency trading to its platform. The company expects to launch crypto trading in the United States through its app during the third quarter.
The consolidation follows Webull’s launch of crypto trading in Brazil last month, with additional market rollouts planned for later this year. The arrangement is structured as a business combination that will result in Webull Pay Inc., the parent company of Webull Pay LLC, becoming a subsidiary of Webull Corporation.
"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.
The business combination has been approved by a special committee of Webull Corporation’s board and the shareholders of Webull Pay Inc. Closing is subject to customary closing conditions, including regulatory approvals.
Crypto trading on the Webull platform is currently available in Brazil, with plans for expansion into additional markets in the coming months. Webull operates investment services in 14 markets across North America, Asia Pacific, Europe, and Latin America, serving more than 24 million registered users globally.
The information is based on a press release statement from the company.