Webull (BULL) Skyrockets 35% W/W on Crypto Boom Ride

We recently published 10 Stocks With Unbelievable Gains This Week. Webull Corporation (NASDAQ:BULL) is one of this week’s biggest players.

Webull grew its share prices by 35.34 percent week-on-week to end at $16.89 versus the $12.48 on July 11, as investor sentiment was boosted by its ongoing initiatives for the cryptocurrency industry.

In a statement earlier in the week, Webull Corporation (NASDAQ:BULL) announced that it would reintegrate cryptocurrency trading into its group platform as it eyes to reintroduce cryptocurrency trading to its global customer base following its launch in Brazil last month.

Additional markets are also expected to take place, including making cryptocurrency trading available to its US customers through the Webull app by the end of the third quarter.

“The improving clarity of cryptocurrency regulations, both in the United States and internationally, underlies our decision to bring crypto trading back to our platform,” Webull Corporation (NASDAQ:BULL) President and CEO Anthony Denier said.

Webull (BULL) Skyrockets 35% W/W on Crypto Boom Ride

Image by drobotdean on Freepik

“With this consolidation, the company will be better positioned to meet the needs of our customers. We are excited about the evolution of the financial services industry as it begins to adopt blockchain technology, and we’ve already seen great success with our rollout in Brazil. We look forward to tapping additional markets this year,” he added.

While we acknowledge the risk and potential of BULL as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than BULL and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.