Webull Corporation revealed Thursday that it plans to consolidate its cryptocurrency operations by reintegrating Webull Pay LLC into the wider group, positioning itself to relaunch crypto trading in the United States during the third quarter.
Webull to Consolidate Crypto Entities, Reintegrate Webull Pay
The move follows Webull’s crypto trading launch in Brazil last month and is part of a broader push to expand digital asset offerings globally.
The company explained that the arrangement will see Webull Pay Inc., the parent company of Webull Pay LLC, become a subsidiary of Webull Corporation (NASDAQ: BULL).
The transaction has been approved by Webull’s board and shareholders.
“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.
“With this consolidation, the Company will be better positioned to meet the needs of our customers.”
Denier added that Webull has already seen great success with its rollout in Brazil and expressed optimism about further international expansion.
