Why did Webull move crypto trading to a separate Webull Pay App?

For years, Webull offered access to crypto trading on the same popular app through which it offers access to stocks, ETFs, options, cash management, IPOs, a learning center and investor community. Webull recently moved crypto trading into a separate business that customers access through the new Webull Pay App. Webull Pay is a separate business dedicated to developing crypto trading and related features that will give customers a unique user experience as well as access to exciting new products and services. Our partners at Webull Pay are working on a number of exciting improvements—what you see today is just the beginning of the Webull Pay App!