Webull (BULL) Skyrockets 35% W/W on Crypto Boom Ride
Webull grew its share prices by 35.34 percent week-on-week to end at $16.89 versus the $12.48 on July 11, as investor sentiment was boosted by its ongoing initiatives for the cryptocurrency industry.
In a statement earlier in the week, Webull Corporation (NASDAQ:BULL) announced that it would reintegrate cryptocurrency trading into its group platform as it eyes to reintroduce cryptocurrency trading to its global customer base following its launch in Brazil last month.
Additional markets are also expected to take place, including making cryptocurrency trading available to its US customers through the Webull app by the end of the third quarter.
'The improving clarity of cryptocurrency regulations, both in the United States and internationally, underlies our decision to bring crypto trading back to our platform,' Webull Corporation (NASDAQ:BULL) President and CEO Anthony Denier said.
Image by drobotdean on Freepik
'With this consolidation, the company will be better positioned to meet the needs of our customers. We are excited about the evolution of the financial services industry as it begins to adopt blockchain technology, and we've already seen great success with our rollout in Brazil. We look forward to tapping additional markets this year,' he added.
While we acknowledge the potential of BULL as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the .
READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.
Disclosure: None. This article is originally published at Insider Monkey.
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