Webull has officially become one of the few retail trading platforms to incorporate cryptocurrency trading. The leading zero commission stock platform has rolled out “Webull Crypto” this week, which gives users the ability to further diversify and monitor digital asset markets 24/7.
Webull Crypto Launch
Webull, a no-fee brokerage that offers commission-free stock and ETF trading, has launched “Webull Crypto” this week. Among other competitors, Webull has become one of the few trading platforms in the traditional space to roll out digital asset solutions. According to the companies website, traders will be able to take advantage of $0 commissions on Bitcoin, Ethereum, Bitcoin Cash, and Litecoin. Some of the core features of Webull Crypto include:
- Buy or sell digital assets with only $1 minimums
- Instant settlement
- Cryptocurrency real-time data
- Interactive charts with various indicators
- Ability to trade cryptocurrencies 24/7 with zero commissions
- Account safety through two-factor authentication
Anthony Denier, the CEO of Webull commented that:
“We place great value in our customers and are always listening to their feedback in order to make improvements and additions to the app for a better trading experience. We are proud to be among the first companies rolling out this feature for traders, and we’re excited to see an increase in both users, and user activity, as more become familiar with it.”
Webull Capitalizing On User Interest
Back in June of this year, it was reported that Bitcoin’s trading volume could rival some of the largest asset classes if growth continues. At the time of the report, Bitcoin’s daily volume for spot markets was hovering around $4.3 billion. Based on historical growth metrics, BTC could exceed the daily volume of all U.S. equities in less than 4 years. On the fixed-income side of things, BTC has the potential to surpass the daily volume of all U.S. bonds in less than 5 years.
Webull stated that traders have expressed a lot more interest in digital assets over the last few years. Traders have found it appealing due to its volatility, decentralized infrastructure, and transaction speed. Before launch, Webull accumulated more than 100,000 users interested in their crypto offering waitlist.
The high demand makes sense given the Webull user base. Historically speaking, Webull has been an appealing platform for intermediate and experienced traders. The commission-free structure makes it quite lucrative for active traders that are looking to take advantage of quick price swings. With digital assets like Bitcoin offering elevated volatility, it is expected that users of Webull will look forward to trading in 24/7 crypto markets.
Aside from active trading, passive investing should also thrive. As outlined below, blockchain wallet growth continues to surge across the world. Blockchain wallet users are approaching 60M and have surged year over year. Passive investors are also looking for ways to diversify outside of traditional markets. With the launch of Webull Crypto, the brokerage will help this come to fruition.
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