Wallets/webull
Webull
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Overview
Webull is US commission-free retail brokerage + Chinese fintech US brokerage + post-Apr 11 2025 NASDAQ SPAC listing (BULL ticker) [1, 2, us-cro]. Q3 2025: 25.9M Webull registered users (+17% YoY); Q2 2025: 24.9M registered users (+18% YoY); Q3 2025 total revenue +55% YoY + first net earnings positive (swing from loss to positive); 2024 Kalshi prediction markets partnership.
Distinctive Webull positioning [1, 2, 3, 4]:
- US commission-free retail brokerage + Chinese fintech US brokerage (Wang Anquan founder; Hunan native + ex-Alibaba + ex-Xiaomi + ex-Founder Group)
- Q3 2025: 25.9M Webull registered users (+17% YoY); Q2 2025: 24.9M (+18% YoY)
- Apr 11 2025 NASDAQ SPAC listing: completed merger with SK Growth Opportunities Corporation → publicly trading NASDAQ: BULL
- 2017 Webull founding by Wang Anquan in New York City (Hunan province China heritage; founder ex-Alibaba + ex-Xiaomi + ex-Founder Group; Webull Chinese name 微牛 "tiny bull")
- Webull International + 14+ markets: US + JP + KR + GB + AU + SG + ZA + HK + IT + ES + MX + BR + ID + MY — distinctive US commission-free brokerage international expansion
- 2024 Kalshi prediction markets partnership — distinctive Webull prediction markets entry
- Q3 2025 total revenue +55% YoY + first net earnings positive
History
2017 — Webull founded by Wang Anquan in New York City — distinctive Chinese fintech US brokerage (Wang Anquan ex-Alibaba + ex-Xiaomi + ex-Founder Group; Webull Chinese name 微牛 "tiny bull").
May 2018 — Webull mobile app launches as US commission-free retail brokerage.
Apr 11 2025 — Webull completes merger with SK Growth Opportunities Corporation → NASDAQ public listing (BULL ticker) — distinctive Webull SPAC NASDAQ listing [3].
2024 — Kalshi prediction markets partnership — distinctive Webull prediction markets entry.
Q3 2025 — 25.9M Webull registered users (+17% YoY) + total revenue +55% YoY + first net earnings positive (swing from loss to positive) [1, 2].
Ownership & operator
Operating entity: Webull Corporation (NASDAQ: BULL) — Cayman Islands incorporated; HQ in St. Petersburg, Florida (formerly New York City).
Major shareholders: Wang Anquan (founder + CEO) + Fumi Technology + Xiaomi (Xiaomi-affiliated) + Founder Group (Founder Group-affiliated) + SK Group + Pacific Square Capital + post-Apr 11 2025 NASDAQ SPAC listing public float (BULL ticker).
Regulators: SEC + FINRA + state-level securities regulators + multi-jurisdiction international (Japan + Korea + UK + Australia + Singapore + South Africa + Hong Kong + Italy + Spain + Mexico + Brazil + Indonesia + Malaysia regulators).
Technical integration
Webull mobile app (iOS + Android) + webull.com web + Webull desktop app + Webull Pay (crypto subsidiary) + Webull Cash Card + Webull IRA (Roth + Traditional IRA + Rollover IRA) + Webull International multi-currency funding; Webull Financial LLC (broker-dealer; NYSE trading participant) + Webull Pay LLC (crypto broker) + Webull Securities (HK + SG + AU + ZA + UK + JP + KR + IT + ES + MX + BR + ID + MY).
Webull distinctive features: Free real-time quotes + level 2 advanced market data + paper trading + extended hours trading + fractional shares + options + cryptocurrencies + futures + IPOs + Kalshi prediction markets partnership.
Users & growth
Q3 2025: 25.9M Webull registered users (+17% YoY); Q2 2025: 24.9M (+18% YoY); end-2024: 23.3M; end-2022: 16.2M; Q3 2025 total revenue +55% YoY + first net earnings positive.
Use cases
US (+ 14+ international markets) retail commission-free trading: stocks + ETFs + options + cryptocurrencies + futures + IPOs + Webull Cash Card + Webull IRA + Kalshi prediction markets; distinctive Webull International expansion to JP + KR + GB + AU + SG + ZA + HK + IT + ES + MX + BR + ID + MY.
Implementations & partners
Operator: Webull Corporation (NASDAQ: BULL); Wang Anquan founder + CEO; Fumi Technology + Xiaomi-affiliated + Founder Group-affiliated + SK Group + Pacific Square Capital + public float.
Subsidiaries: Webull Financial LLC (broker-dealer; NYSE trading participant) + Webull Pay LLC (crypto broker) + Webull Securities (HK + SG + AU + ZA + UK + JP + KR + IT + ES + MX + BR + ID + MY).
Major partnerships: Kalshi prediction markets partnership (2024).
Major US retail brokerage competitors: [[robinhood]] (US #1 by app users; commission-free pioneer + crypto + Bitstamp) + [[fidelity]] (US #1 by AUM) + [[charles-schwab]] (US #2 post-TD Ameritrade $26B acquisition) + [[interactive-brokers]] (global professional broker) + [[etrade]] (Morgan Stanley subsidiary) + [[etoro]] (global social trading + 40M+ users + May 14 2025 NASDAQ IPO) + [[m1-finance]] (US automated investing) + [[sofi-invest]] ([[sofi]] investment arm) + [[public-com]] (US social investing).
Regulators: SEC + FINRA + state-level + multi-jurisdiction international.
Fun facts
- US commission-free retail brokerage + Chinese fintech US brokerage (Wang Anquan founder; Hunan native + ex-Alibaba + ex-Xiaomi + ex-Founder Group; Webull Chinese name 微牛 "tiny bull").
- Q3 2025: 25.9M Webull registered users (+17% YoY); Q2 2025: 24.9M (+18% YoY).
- Apr 11 2025 NASDAQ SPAC listing: completed merger with SK Growth Opportunities Corporation → publicly trading NASDAQ: BULL.
- Q3 2025 total revenue +55% YoY + first net earnings positive.
- 2024 Kalshi prediction markets partnership — distinctive Webull prediction markets entry.
- Webull International + 14+ markets: US + JP + KR + GB + AU + SG + ZA + HK + IT + ES + MX + BR + ID + MY.
Comparison
| Feature | Webull | [[robinhood]] (US #1 by app users; commission-free pioneer rival) | [[etoro]] (global social trading + 40M+ users + May 14 2025 NASDAQ IPO rival) | [[fidelity]] (US #1 by AUM rival) | [[interactive-brokers]] (IBKR global professional broker rival) |
|---|---|---|---|---|---|
| Operator | Webull Corporation (NASDAQ: BULL; Cayman Islands; HQ St. Petersburg FL) | Robinhood Markets Inc. (NASDAQ: HOOD) | eToro Group Ltd (NASDAQ: ETOR) | Fidelity Investments (FMR LLC; Johnson family-owned private) | Interactive Brokers Group Inc. (NASDAQ: IBKR; S&P 500 since Aug 28 2025) |
| Type | US commission-free + Chinese fintech US brokerage + 25.9M registered users Q3 2025 + Apr 11 2025 NASDAQ SPAC listing + Webull International 14+ markets + Kalshi prediction markets partnership | Most-used US stock trading app + 10.8M users + crypto + Bitstamp + UK + EU expansion | Global social trading + 40M+ users in 75+ countries + CopyTrader + multi-jurisdiction regulated | US #1 by AUM ($15+ trillion) + Fidelity Brokerage + Fidelity Crypto | Global professional broker + 170+ markets + 4,368,000 trades/day (DARTs) |
| Country | US + 14+ countries | US + GB + AU | IL + 75+ countries | US | US + 170+ markets |
| Distinctive | 2017 founding by Wang Anquan (Chinese fintech US brokerage; ex-Alibaba + ex-Xiaomi + ex-Founder Group); May 2018 mobile app launch; Apr 11 2025 NASDAQ SPAC listing via SK Growth Opportunities Corporation merger; 2024 Kalshi prediction markets partnership; Q3 2025 25.9M users + +55% YoY revenue + first net earnings positive | 2013 founding by Vlad Tenev + Baiju Bhatt; Mar 2015 mobile app; 2018 Robinhood Crypto; Jul 29 2021 NASDAQ IPO; 2024 Bitstamp $200M acquisition | 2007 founding by Yoni Assia + Ronen Assia + David Ring in Tel Aviv; 2010 CopyTrader launch; May 14 2025 NASDAQ IPO at $52/share | 1946 founding by Edward C. Johnson II | 1978 founding by Thomas Peterffy; world's largest electronic broker by DARTs |
Status
Active, US commission-free retail brokerage + Chinese fintech US brokerage + post-Apr 11 2025 NASDAQ SPAC listing [1, 2, 3, 4]:
- Webull Corporation (NASDAQ: BULL) since 2017 founding by Wang Anquan in New York City + May 2018 mobile app launch + Apr 11 2025 NASDAQ SPAC listing.
- Q3 2025: 25.9M Webull registered users + total revenue +55% YoY + first net earnings positive.
- 2024 Kalshi prediction markets partnership.
- SEC + FINRA + state-level + multi-jurisdiction international regulated.
Sources
- 1 Webull — Wikipedia
- 2 Webull Statistics — Investing in the Web
- 3 Webull goes public on Nasdaq following SPAC merger — FinTech Futures
- 4 Webull (BULL) Q3 2025 Summary — Quartr
- us-cro In-corpus:
reports/countries/US-united-states.md
Source
Biography extracted from webull.md. See matrix.md for standards-support matrix if present.