According to CoinMeta, Webull generated $19.8 billion in revenue in the second quarter of 2026, of which cryptocurrency transactions accounted for only about $2.25 million, representing approximately 1.13% of the total revenue. Revenue for that quarter increased by 51% year-over-year. Anthony Michael DeNiel, the president of Webull, stated that market conditions have begun to improve over the past nine months, and they plan to gradually introduce encrypted deposit and withdrawal functions.