PANews reported on July 18 that according to Investing, Webull Corporation (Bull Company, Nasdaq stock code BULL) announced that it will reintegrate Webull Pay LLC into Webull Group, planning to relaunch cryptocurrency trading business on the platform, which is part of its plan to reintroduce crypto trading services. Previously, Webull had launched cryptocurrency trading in Brazil and plans to expand to more markets.
This integration will be achieved through business merger, and after completion, Webull Pay LLC's parent company Webull Pay Inc. will become a direct subsidiary of Webull Corporation. Webull Group President Anthony Denier stated that the clarity of cryptocurrency regulatory policies in the United States and internationally is key to restarting this business. The merger has been approved by the company's special board committee and shareholders, and still needs to meet customary closing conditions such as regulatory approvals. Currently, Bull operates investment services in 14 markets with over 24 million global registered users.
