Webull Reintroduces Crypto Trading: Is BULL Stock Worth Buying?

Webull (BULL) recently reintroduced crypto trading for US customers after a two-year hiatus, supporting over 50 digital assets. Analysts expect the move to boost trading volume by 30%. The company's comeback signals renewed retail access to crypto and a more integrated trading experience. Despite a small market cap of $7 billion and valuation at 5x sales ratio, Webull's shares remain 23% higher YTD. The stock trades 40% up from its 52-week low of $10.18.

Webull, a US-based financial services company, has reintroduced its crypto trading service for all US customers, marking a significant return to the digital asset market. The service was suspended in 2021 when the company attempted to go public and was previously restricted to institutional clients. The new update allows users to trade cryptocurrencies directly through the Webull platform, eliminating the need to use a separate Webull Pay account. Users can now manage their crypto trading activities seamlessly within the Webull app, offering a streamlined and centralized investment experience.

The platform supports real-time trading of over 50 digital assets, including Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). Anthony Denier, U.S. CEO and Group President at Webull, stated, "Our mission has always been to deliver a streamlined, user-centric investing experience. By reintegrating crypto trading into the Webull app, we are making it easier for customers to access and manage their entire portfolio, whether they’re trading stocks, options, or digital assets. This update removes friction and provides a seamless centralized platform for navigating all investment opportunities."

Crypto trading on Webull is currently available only in the US and Brazil, with plans to expand to additional markets over the coming months. For more information, visit [Webull's official website](https://www.webull.com).

Analysts expect the move to boost trading volume by 30% due to the increased accessibility and integration of crypto trading within the Webull app. This strategic decision signals renewed retail access to crypto and a more integrated trading experience. Despite a small market cap of $7 billion and a valuation at 5x sales ratio, Webull's shares remain 23% higher YTD. The stock trades 40% up from its 52-week low of $10.18.

References:
[1] https://www.ainvest.com/news/webull-restores-crypto-trading-customers-year-suspension-2508/
[2] https://en.coinotag.com/webull-reopens-u-s-crypto-trading-bitcoin-volumes-may-rise-with-access-to-over-50-assets/
[3] https://ca.finance.yahoo.com/news/investment-platform-webull-brings-back-130000410.html