Record Revenue Growth
Webull Corporation reported a top-line revenue of $156.9 million, representing a 55% growth year-over-year.
Increase in Customer Assets
Customer assets reached an all-time high of $21.2 billion, marking the third consecutive quarter of AUM growth and an 84% increase year-over-year.
Expansion of Crypto Offerings
Crypto trading was reintroduced, adding $1.2 billion in assets and 140,000 funded accounts. Over 50% of new funded accounts are trading crypto.
Geographic and Product Expansion
Webull expanded its offerings to include prediction markets and launched its platform in the EU starting with The Netherlands. It is also preparing to launch in additional European markets.
Strong Trading Volume Growth
Equity trading volume surged by 71% year-over-year, and options contract volume was 147 million in the third quarter.
Introduction of AI Tool Vega
Launch of Vega, an AI-powered decision-making partner, to enhance investor experience by providing insights and analysis.