Jump to content
 







Main menu
   


Navigation  



Main page
Contents
Current events
Random article
About Wikipedia
Contact us
Donate
 




Contribute  



Help
Learn to edit
Community portal
Recent changes
Upload file
 








Search  

































Create account

Log in
 









Create account
 Log in
 




Pages for logged out editors learn more  



Contributions
Talk
 



















Contents

   



(Top)
 


1 History  





2 References  





3 External links  














Webull






فارسی
Українська
Tiếng Vit

 

Edit links
 









Article
Talk
 

















Read
Edit
View history
 








Tools
   


Actions  



Read
Edit
View history
 




General  



What links here
Related changes
Upload file
Special pages
Permanent link
Page information
Cite this page
Get shortened URL
Download QR code
Wikidata item
 




Print/export  



Download as PDF
Printable version
 
















Appearance
   

 






From Wikipedia, the free encyclopedia
 


Webull
Company typePrivately held company
IndustryFinancial services
FoundedMay 24, 2017; 7 years ago (2017-05-24)[1][2]
FoundersWang Anquan[3]
Headquarters

Key people

Anthony Denier (President)[5]
ProductsElectronic trading platform
ServicesStockbroker
OwnerWang Anquan[6]
General Atlantic[4]
Coatue Management
[4]Lightspeed Venture Partners[4]
J. Rothschild Capital Management[4]
Gopher Asset Management
Websitewww.webull.com Edit this at Wikidata

Webull Corporation is an electronic trading platform, accessible via mobile app and desktop computer, offering commission-free and low-cost trading of stocks, exchange traded funds, options, margins, fixed income, and futures.

Webull is owned by Hunan Fumi Information Technology,[7] a Chinese holding company that has received backing from Xiaomi, Shunwei Capital, and other private equity investors in China.[8][9] Webull's holding company is incorporated in the Cayman Islands and headquartered in St. Petersburg, Florida.[10]

History[edit]

On May 24, 2017, Webull Financial LLC was established as a Delaware limited liability company[9] by Wang Anquan, a former employee of Alibaba Group.[6][11] In May 2020, the company received SEC approval to launch a robo-advisor on its platform.[12]

By August 2020, the platform had over 11 million registered users, and in October 2020, it had 750,000 daily active users.[13][14]

In November 2020, Webull began supporting cryptocurrency transactions.[15]

On January 28, 2021, Webull halted buy orders for stocks affected by the GameStop short squeeze,[16] but reversed course and allowed buy orders starting at 2:35 pm that day.[17][user-generated source] On that day, Webull recorded its highest-ever number of active daily users at 952,000.[18] That week, approximately 1.2 million people downloaded the Webull mobile app.[19]

In June 2021, Webull began talks of an initial public offering to raise up to $400 million.[20][21]

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.[22] 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.[23]

In 2024, 14 US states launched a probe into Webull related to its data privacy practices and potential ties with the Chinese Communist Party.[24] In June 2024, Tennessee banned Webull on all government-issued devices.[25]

References[edit]

  1. ^ "GameStop, AMC Trades to Resume at Chinese Online Brokers". Bloomberg News. January 29, 2021. Archived from the original on April 17, 2022. Retrieved January 31, 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. Archived from the original on December 12, 2023. Retrieved January 12, 2021.
  • ^ Massa, Annie (December 10, 2020). "Webull is winning over traders from US rival". Australian Financial Review. Archived from the original on December 9, 2023. Retrieved January 13, 2021.
  • ^ a b c d e "Archived copy". Archived from the original on February 28, 2024. Retrieved April 15, 2024.{{cite web}}: CS1 maint: archived copy as title (link)
  • ^ "ON THE MOVE: Firstrade Appoints Don Montanaro; Webull Promotes Anthony Denier". January 16, 2024. Archived from the original on February 28, 2024. Retrieved April 11, 2024.
  • ^ a b Massa, Annie (December 8, 2020). "Robinhood Is Losing Thousands of Traders to a China-Owned Rival". Bloomberg News. Archived from the original on April 1, 2023. Retrieved January 2, 2021.
  • ^ Zeldin, Lee (July 13, 2023). "Biden's financial regulators give China-backed brokers a hand, but who is surprised?". The Washington Times. Archived from the original on October 4, 2023. Retrieved September 23, 2023.
  • ^ McGregor, Grady (February 2, 2021). "The Robinhood revolt was good for Webull, China's little-known trading app". Fortune. Archived from the original on June 1, 2023. Retrieved August 6, 2021.
  • ^ a b "Webull Financial LLC". Delaware Department of State: Division of Corporations. Archived from the original on September 20, 2016. Retrieved February 14, 2021.
  • ^ "UNITED STATESSECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549". www.sec.gov. Archived from the original on February 28, 2024. Retrieved May 2, 2024.
  • ^ "Form ADV - CRD #: 304881" (PDF). SEC Reports. January 12, 2021. Archived (PDF) from the original on November 10, 2022. Retrieved August 6, 2021.
  • ^ Capelj, Renato (May 6, 2020). "Webull Leverages Crisis To Spur Innovation, Financial Wellness". MarketWatch. Archived from the original on April 26, 2023. Retrieved January 13, 2021.
  • ^ Graw, Michael (August 20, 2020). "Commission-free brokerage Webull launches desktop platform". TechRadar. Archived from the original on December 12, 2023. Retrieved January 2, 2021.
  • ^ Osipovich, Alexander (October 16, 2020). "Individual-Investing Boom Fuels Trading in Low-Price Stocks". The Wall Street Journal. Archived from the original on December 9, 2023. Retrieved January 12, 2021.
  • ^ Vigna, Paul (December 16, 2020). "Bitcoin Tops $20,000 for First Time". The Wall Street Journal. Archived from the original on January 15, 2021. Retrieved January 13, 2021.
  • ^ Crowley, James (January 28, 2021). "Webull follows Robinhood in blocking GameStop, AMC trades after being suggested as alternate trading platform". Newsweek. Archived from the original on January 28, 2021. Retrieved January 28, 2021.
  • ^ "Update: GME, AMC, and KOSS are no longer restricted". January 28, 2020. Archived from the original on January 29, 2021. Retrieved January 28, 2021 – via Twitter.
  • ^ Perez, Sarah (January 28, 2021). "Robinhood and Reddit top the App Store, as trading apps surge following gamestop mania". TechCrunch. Archived from the original on February 15, 2021. Retrieved February 14, 2021.
  • ^ Vanian, Jonathan (February 2, 2021). "Robinhood, Webull, and Fidelity apps soar amid GameStop controversy". Fortune. Archived from the original on February 2, 2021. Retrieved February 14, 2021.
  • ^ "Online Broker Webull Considers $400 Million U.S. IPO". Bloomberg. June 8, 2021. Archived from the original on July 13, 2021. Retrieved July 4, 2021.
  • ^ Dayal, Nikhil (June 10, 2021). "Webull In Talks To File For IPO Later This Year: Report". Benzinga. Archived from the original on July 9, 2021. Retrieved July 4, 2021.
  • ^ "Brooklyn Nets and New York Liberty form Global Multi-year Partnership with Webull". Brooklyn Nets. Archived from the original on September 27, 2021. Retrieved October 11, 2021.
  • ^ Young, Jabari (September 27, 2021). "Brooklyn Nets land $30 million per year jersey deal with brokerage platform Webull". CNBC. Archived from the original on October 10, 2021. Retrieved October 11, 2021.
  • ^ Osipovich, Alexander (April 17, 2024). "Trading App Webull Faces Multistate Probe Over China Ties". The Wall Street Journal. Archived from the original on May 2, 2024. Retrieved May 2, 2024.
  • ^ Osipovich, Alexander (June 13, 2024). "Webull's China Problem Grows With Tennessee State Ban". The Wall Street Journal. Retrieved June 13, 2024.
  • External links[edit]


    Retrieved from "https://en.wikipedia.org/w/index.php?title=Webull&oldid=1228950580"

    Categories: 
    Financial services companies established in 2017
    Online financial services companies of the United States
    Online brokerages
    Mobile applications
    Xiaomi
    Hidden categories: 
    CS1 maint: archived copy as title
    Articles with short description
    Short description matches Wikidata
    Use mdy dates from October 2020
    Accuracy disputes from May 2024
     



    This page was last edited on 14 June 2024, at 02:10 (UTC).

    Text is available under the Creative Commons Attribution-ShareAlike License 4.0; additional terms may apply. By using this site, you agree to the Terms of Use and Privacy Policy. Wikipedia® is a registered trademark of the Wikimedia Foundation, Inc., a non-profit organization.



    Privacy policy

    About Wikipedia

    Disclaimers

    Contact Wikipedia

    Code of Conduct

    Developers

    Statistics

    Cookie statement

    Mobile view



    Wikimedia Foundation
    Powered by MediaWiki