In November 2020, Webull began supporting cryptocurrency transactions.[26]
On January 28, 2021, Webull halted buy orders for stocks affected by the GameStop short squeeze,[27] but reversed course and allowed buy orders starting at 2:35 pm that day.[28] On that day, Webull recorded its highest-ever number of active daily users at 952,000.[29] That week, approximately 1.2 million people downloaded the Webull mobile app.[30]
In September 2021, the Brooklyn Nets and New York Liberty entered into a global multi-year agreement with Webull and the company became the official jersey patch partner for the Nets.[33] Terms of the agreement for the jersey patch weren't announced, but people familiar with the agreement told CNBC that it is a multi-year pact that pays the Nets roughly $30 million per year.[34]
Referencesedit
^"GameStop, AMC Trades to Resume at Chinese Online Brokers". Bloomberg News. January 29, 2021.
^Wursthorn, Michael; Choi, Euirim (August 20, 2020). "Does Robinhood Make It Too Easy to Trade? From Free Stocks to Confetti". The Wall Street Journal.
^Frankel, Matt (December 1, 2020). "Investing Apps That Let You Invest For Free". The Motley Fool.
^Chang, Ellen (August 19, 2020). "Why Investors Could Add Some Active Investing to a Portfolio". WTOP News.
^Houston, Rickie (March 8, 2021). "Webull investing review: Commission-free investments, margin accounts, and cryptocurrencies for active traders". Business Insider. Retrieved July 4, 2021.
^"Webull securities trading options in hong kong". January 21, 2022.
^Zeldin, Lee (July 13, 2023). "Biden's financial regulators give China-backed brokers a hand, but who is surprised?". The Washington Times. Retrieved September 23, 2023.
^McGregor, Grady (February 2, 2021). "The Robinhood revolt was good for Webull, China's little-known trading app". Fortune. Retrieved August 6, 2021.
^ ab"Webull Financial LLC". Delaware Department of State: Division of Corporations.
^Osipovich, Alexander (October 16, 2020). "Individual-Investing Boom Fuels Trading in Low-Price Stocks". The Wall Street Journal.
^Vigna, Paul (December 16, 2020). "Bitcoin Tops $20,000 for First Time". The Wall Street Journal.
^Crowley, James (January 28, 2021). "Webull follows Robinhood in blocking GameStop, AMC trades after being suggested as alternate trading platform". Newsweek.
^"Update: GME, AMC, and KOSS are no longer restricted". January 28, 2020 – via Twitter.
^Perez, Sarah (January 28, 2021). "Robinhood and Reddit top the App Store, as trading apps surge following gamestop mania". TechCrunch.
^Vanian, Jonathan (February 2, 2021). "Robinhood, Webull, and Fidelity apps soar amid GameStop controversy". Fortune.
^"Online Broker Webull Considers $400 Million U.S. IPO". Bloomberg. June 8, 2021. Retrieved July 4, 2021.
^Dayal, Nikhil (June 10, 2021). "Webull In Talks To File For IPO Later This Year: Report". Benzinga. Retrieved July 4, 2021.
^"Brooklyn Nets and New York Liberty form Global Multi-year Partnership with Webull". Brooklyn Nets. Retrieved October 11, 2021.
^Young, Jabari (September 27, 2021). "Brooklyn Nets land $30 million per year jersey deal with brokerage platform Webull". CNBC. Retrieved October 11, 2021.