Webull Corporation (Nasdaq: Bull), owner of the Webull online platform, announced today that it will incorporate Webull Pay LLC back into the Webull team.
This step promotes the webull plan to review Crypto Trading on its worldwide customer base after its launch in Brazil last month. The additional market upgrades are expected to take place later this year, including plans for the availability of encryption transactions in the United States through the Webull application during the third quarter.
“Improving the clarity of encryption regulations, both in the United States and internationally, is based on our decision to restore encryption on our platform,” said Anthony Denier, chairman of the Webull Group and Managing Director. “With this integration, the company will be better positioned to meet the needs of our customers. We are excited about the evolution of the financial services industry as it begins to adopt blockchain technology and we have already seen great success with our development in Brazil.
The arrangement is structured as a business combination that will lead to the parent company of Webull Pay LLC, Webull Pay Inc., to become a subsidiary of Webull Corporation. The combination of businesses has been approved by a special committee of the Webull Corporation Board of Directors and the shareholders of Webull Pay Inc. They are subject to ordinary closing conditions, including approvals regulatory arrangements.