TL;DR
- Webull has resumed cryptocurrency trading for U.S. users after a two-year suspension, responding directly to customer demand.
- The platform now supports over 50 coins, including Bitcoin, Ethereum, and Solana, providing Americans with diverse options.
- This move comes amid shifting regulatory attitudes in Washington, allowing Webull to relaunch its crypto services without the regulatory risks that forced the original shutdown.
After halting crypto trading in 2023, Webull is officially reopening its digital asset offerings to all U.S. customers. The shutdown had coincided with regulatory pressures that emerged during the company’s attempt to go public, creating legal concerns around crypto services. CEO Anthony Denier explained that the removal did not reflect customer interest:
“When we removed crypto from the platform, it was against what our customers were asking for,” he stated. “Bringing it back aligns with what our clients expect today,”
adding that the company is fully committed to long-term growth in the crypto sector.
The platform supports more than 50 cryptocurrencies, including major coins like Bitcoin, Ethereum, and Solana. Trading is available across mobile and web platforms, and Webull plans to expand crypto availability to other regions in the coming months. The relaunch follows a quiet rollout in Brazil in June and represents the company’s first step in a broader international push for innovative digital asset offerings that aim to improve customer experience.
Webull Reopens Crypto While Banks Clash With Congress Over Stablecoin Rules
The U.S. crypto environment has evolved, with a less hostile regulatory tone under the current administration, providing Webull the flexibility to reintroduce trading. Meanwhile, traditional banks are lobbying Congress against perceived advantages for crypto exchanges under the new GENIUS Act. This law restricts stablecoin issuers from paying interest but allows exchanges to partner with firms like Circle or Tether to pass benefits to users, encouraging competition and innovation in the financial ecosystem.
Bank groups, including the American Bankers Association, warn this could shift trillions of dollars from the traditional financial system. A U.S. Treasury report suggested stablecoins might drain up to $6.6 trillion, posing risks for lending and broader economic stability. Despite this, Webull’s expansion highlights growing institutional confidence in crypto markets, demonstrating that exchanges see opportunity even as regulators and banks debate rules.
With 24 million global customers, Webull is betting that broader access to crypto can enhance user wealth management and attract investors seeking flexible digital options. The company’s return signals optimism for the U.S. crypto market and its potential to coexist with the traditional financial system while offering innovative trading opportunities for new and experienced investors alike.
