Crypto generated about 1% of Webull’s record $198M Q2 revenue
While Webull reported a record $198 million in second-quarter revenue, cryptocurrency trading only generated about $2.25 million of the quarter’s revenue stream.
Webull, the online brokerage and digital trading platform, disclosed that cryptocurrency trading contributed approximately $2.25 million, or around 1%, to its record $198 million in revenue for the second quarter of 2026. In comparison, equity and options trading accounted for $112 million, or about 56%, of the total revenue. Webull's president and director, Anthony Michael Denier, expressed optimism about the recent trends in the crypto business during a Wednesday earnings call.
He mentioned that the company is gradually introducing crypto deposit and withdrawal capabilities. In contrast, Robinhood reported a decline in crypto transaction revenue, with a 38% drop to $100 million in the same period. Webull exceeded Wall Street expectations with its revenue, which was slightly above the projected $194.5 million.
The platform's stock price increased by 8.9% on Wednesday and continued to rise by nearly 15% during pre-market trading on Thursday, trading at $9.98 a share.
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