Webull Corp. announced a significant increase in its second-quarter revenue, reaching $131.5 million, marking a 46% surge compared to the same period last year. The company also reported a healthy 17.7% adjusted operating margin and a substantial 64% year-over-year growth in customer assets, which now stand at $15.9 billion.
The trading platform has reintroduced cryptocurrency trading in the United States, Brazil, and Australia. Looking ahead, the company aims to broaden its crypto offerings worldwide as regulatory bodies authorize operations in new regions.
Assets under management (AUM) climbed above $18 billion in the third quarter, bolstered by record revenue in July. This growth is attributed to targeted marketing strategies designed to attract asset transfers and expand Webull’s footprint within the U.S. market.
Company executives foresee continued expansion powered by deeper integration of crypto services, the introduction of innovative product offerings, and strategic deployment of its $1 billion equity facility to fuel ongoing growth initiatives.