Weiniu will reorganize its cryptocurrency business department and plans to resume cryptocurrency trading in the United States in Q3

According to investing, Webull Corporation (NASDAQ stock code BULL) announced that it will reorganize Webull Pay LLC into the Webull group and plans to reintroduce cryptocurrency trading services on the platform as part of its plan to do so. Previously, Webull had launched cryptocurrency trading in Brazil and plans to expand to more markets in the future. This integration will be achieved through business consolidation, and after completion, Webull Pay Inc., the parent company of Webull Pay LLC, will become a direct subsidiary of Webull Corporation. Webull Group President Anthony Denier stated that the clarity of cryptocurrency regulatory policies in the United States and internationally is key to restarting the business. The merger has been approved by the special committee of the company's board of directors and shareholders, and still needs to meet regulatory and customary closing conditions. Currently, Weiniu provides investment services in 14 markets with over 24 million registered users worldwide.