Webull's Crypto Revenue: Only 1% of Record **$198M** Sparks Interest

Webull’s second‑quarter revenue hit a record $198 million, yet crypto trading contributed merely $2.25 million, or 1 % of the total.

A Tiny Share in a Giant Market: Webull’s 1%

Within Webull’s $198 million total, crypto trading accounted for $2.25 million—a modest 1 % of the platform’s earnings, even as overall revenue rose 51 % year‑over‑year.

Competitive Landscape: Robinhood and Peers

■Robinhood: $100 million in crypto revenue, down 38 % from last year’s $160 million.

■Other brokers: Similar growth rates, but none match Webull’s overall scale.

Strategic Moves: Deposits and Withdrawals in Crypto

■Webull is gradually rolling out crypto deposit and withdrawal capabilities.

■Anthony Michael Denier (President): “I’m finally seeing the clouds part in the crypto business—this is a very positive sign.”

Market Reaction: Stock Moves and Investor Sentiment

■Webull shares surged 8.9 % at close and were up nearly 15 % in pre‑market trading.

■The stock traded at $9.98 per share.

Quarter‑on‑Quarter Comparison: Revenue Trends

■2025 Q2: Crypto revenue $1.8 million.

■2026 Q2: Crypto revenue $2.25 million—a 25 % increase.

■Total revenue grew 51 %, while crypto’s share remained at 1 %.

Markets view Webull’s modest 1 % crypto share as a signal that, despite a small slice of the pie, the platform’s strategic expansion and robust share performance suggest continued potential for new revenue streams in the crypto sector.