{
  "id": 2123260,
  "title": "Crypto generated about 1% of Webull’s record $198M Q2 revenue",
  "url": "https://urgent.news/2026/08/20/crypto-generated-about-1-of-webulls-record-198m-q2-revenue",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-20T11:05:00.000Z",
  "source": {
    "name": "Cointelegraph",
    "slug": "cointelegraph",
    "url": "https://cointelegraph.com/news/crypto-generated-1-webulls-record-q2-revenue"
  },
  "original_language": "en",
  "account": "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.",
  "summary": "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.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}