TREE NEWS reports: Webull reported a record $198 million in Q2 revenue, but cryptocurrency trading contributed only about $2.25 million, roughly 1% of the total. This highlights the modest impact of crypto on the brokerage’s overall financial performance.
Crypto Generates ~1% of Webull’s Record Q2 Revenue
AI take
The figure is a useful reality check on how much crypto actually moves the needle for a mainstream retail brokerage, even in a record quarter. It suggests crypto is still a side product for Webull's user base rather than a core revenue engine, which matters for how the platform prioritizes the asset class against equities and options. The open question is whether crypto's contribution grows as a share of revenue over coming quarters, or stays this marginal.
Generated by AI for reference only.
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