Webull donates 8,000 Brooklyn Nets tickets to New Yorkers

Rick Steves

“The entire Webull team is thrilled that our first-ever sports partnership is with the Brooklyn Nets, who are only five subway stops from our headquarters in New York.”

Webull has announced its multi-year partnership with The Brooklyn Nets and affiliated organizations, giving it international marketing rights and title of official jersey patch partner for the Brooklyn Nets’ upcoming NBA season.

As the sponsor of the Brooklyn Nets, the broker-dealer focused on zero-commission trading and in-depth market data showcased the partnership with the team’s Pregame Jersey Presentation at the Barclays Center.

Webull chief executive Anthony Denier and members of the corporate team joined Nets players and executives for the ceremonial jersey exchange at center court before tipoff.

Webull has decided to donate a total of 8,000 tickets to various nonprofit organizations and groups from New York City for the Nets’ first eight home games.

Anthony Denier, Chief Executive Officer at Webull, said: “The entire Webull team is thrilled that our first-ever sports partnership is with the Brooklyn Nets, who are only five subway stops from our headquarters in New York.

“We have a New York team with a diverse fan base, alongside our customers, who are a diverse group of investors, and the Brooklyn Nets have a great international audience, so this partnership aligned perfectly. There was a huge moment of excitement when we first saw the patch on the Nets’ jerseys, and we can’t wait to continue cheering them on this season.”

Webull is a broker-dealer registered with the Securities and Exchange Commission (SEC) and is a member of the Financial Industry Regulatory Authority (FINRA).

The trading company is also a member of the Securities Investor Protection Corporation (SIPC), which protects securities customers of its members up to $500,000 (including $250,000 for claims for cash.

The New York-headquartered broker has Apex Clearing as the clearing partner with an additional insurance policy, providing protection for securities and cash up to an aggregate of $150 million, subject to maximum limits of $37.5 million for any one customer’s securities and $900,000 for any one customer’s cash.

Similar to SIPC protection, this additional insurance does not protect against a loss in the market value of securities.

As to cryptocurrency execution and custody services, Apex Crypto is the partner via a software licensing agreement between Apex Crypto LLC and Webull Crypto LLC. Cryptocurrency trading is offered through an account with Apex Crypto. Cryptocurrency holdings, however, are not FDIC or SIPC insured.

Read this next

Digital Assets

Russian Duma’s working group to address gaps in crypto regulation

A working group formed by the Russian State Duma to tackle the issues of cryptocurrency regulations is set to hold its first meetings, said the head of the parliamentary Financial Market Committee, Anatoly Aksakov.

Digital Assets

Kevin O’Leary says XRP lawsuit is “a very bad idea”

“I have zero interest in investing in litigation against the SEC, that is a very bad idea”.

Industry News

SFC freezes 17 client accounts on suspected ‘pump-and-dump’ scam

Hong Kong’s financial watchdog, the Securities and Futures Commission (SFC), has issued notices to two local brokers, instructing them to freeze certain client accounts suspected of market manipulation.

Retail FX

FSCS starts to offer LCF investors compensation under government scheme

The Financial Services Compensation Scheme (FSCS) has gone live with the government’s redress scheme to reimburse eligible London Capital & Finance victims.

Industry News

Aquis Exchange appoints Glenn Collinson as new Chair

Aquis Exchange, a group of companies that provide services for exchanges, has announced the appointment of Glenn Collinson as its new Chair and he would succeed Niki Beattie effective from January 1, 2022.

Digital Assets

Bitpanda onboards Lydia’s 5.5 million users to white label solution

Lydia has deployed the white label solution, with transactions made by the more than 5 million Lydia customers in a wide range of assets, from crypto to fractional stocks, being executed via Bitpanda for as little as EUR 1.

Digital Assets

Archax deploys Scila AB’s AML and surveillance tech for crypto trading

Scila is very much in tune with digital assets and cryptocurrencies and has some of the largest cryptocurrency exchanges and traders in its client roster.

Institutional FX, Retail FX

ATFX goes all in on US equities: FX broker adds 113 US stock CFDs

With the addition of 113 US stock CFDs, ATFX boasts more than  300 tradable instruments, 273 of which are stock CFD products.

Industry News

Citadel CEO outbids 17,000 crypto investors after winning Short Squeeze Lawsuit

Citadel Securities has been a key source of trading platforms’ revenue, which fed conspiracy theories that the US market maker leaned on their executives to end the short squeeze by restricting users from buying meme stocks.

<