Webull expands into APAC region via Singapore operation

Rick Steves

Webull has previously expanded to Hong Kong, with a license from HK’s Securities and Futures Commission

Webull has announced the launch of its Singapore business as the US-based trading platform enters the Asia-Pacific region. Having introduced the app to local residents in May, the firm is now open to users in the APAC region.

The Singapore subsidiary of Webull offers access to U.S.-listed equities, ETFs, options, and fractional shares, as well as Hong Kong-listed equities and ETFs, through the Webull app.

Besides low commissions, Webull offers access to a news feed, industry data, and educational materials to provide investors with the tools needed to make informed investment decisions.

Having secured its capital markets services license from the Monetary Authority of Singapore in November 2021, Webull Singapore has been offering access to its platform to local residents since May.

Bernard Teo, the Chief Executive Officer of Webull Singapore, said: “We are excited to bring Webull’s platform to Singapore’s tech-savvy investment community. Webull has enjoyed considerable success in the United States and Hong Kong, and we plan to carry that momentum into Singapore and beyond. There is a significant opportunity in the Asia-Pacific region for mobile-first brokerages that have the advanced technology to meet the demands of a new generation of investors. Starting in Singapore, we plan to capture this market opportunity.”

The SEC-registered broker-dealer and FINRA member subsidiary of Webull was launched in the United States in 2018. The trading platform’s offering includes cryptocurrencies through an arrangement with Apex Crypto LLC.

Webull has previously expanded to Hong Kong, with a license from HK’s Securities and Futures Commission

Webull launches SPIKES Options for volatility

The platform is now offering SPIKES Options, traded on the SPIKES Volatility Index, which is a measure of the expected 30-day volatility in the SPDR S&P 500 ETF (SPY). SPIKES Options are cash-settled with monthly expirations. By expanding its offering to include SPIKES Options, individual traders now have greater access to trading volatility.

Anthony Denier, CEO of Webull, said: “Diversification is important for our clients and we want to be able to offer a comprehensive suite of investment products across our platform. Providing access to SPIKES Options through the Webull platform is another example of how we are bringing innovative products to individual traders that have traditionally only been accessible to institutional market participants.”

Thomas P. Gallagher, Chairman and CEO of Miami International Holdings, said: “MIH is committed to providing innovative products and solutions to the derivatives marketplace. We are excited to be working with Webull to make volatility products more accessible to the end user. With the launch of SPIKES Options on Webull’s platform, Webull customers around the world now have a choice when it comes to trading U.S. equity volatility products, as SPIKES Options offer the ability to directly trade volatility on SPY, the largest ETF in the world.”

Read this next

blockdag

BlockDAG Dashboard Update, A Step Towards Transparency Fuels FOMO in Crypto Whales, Presale Garners $32.8M Amid Retik Finance Listing

Discover why investors are choosing BlockDAG after its dashboard update and $32.8M presale, surpassing Retik Finance listing on Bitrue.

blockdag

Discover 5 Altcoins to Skyrocket Your Wealth This Cycle 🚀

The bull run of 2024 ignites fresh excitement for anyone looking to increase their wealth.

blockdag

BlastUP Presale Hits $7M; Final Days to Buy $BLP

BlastUP, the premier launchpad on Blast, has confirmed its robust utility by successfully launching its first IDOs. As its presale nears completion, it continues to garner significant attention from crypto enthusiasts. The amount of funds raised so far is approaching 7 million, and BlastUP already boasts a large and passionate community of supporters.

blockdag

BlockDAG Network: The Mobile Mining Revolutionizing Crypto Mining

A Simple Guide on How to Mine BDAG and its Benefits.

blockdag

BlockDAG’s $600M Masterplan Shocks the World: Outperforms Retik Finance After Jaw-Dropping Piccadilly Circus Spectacle

Discover how BDAG dominates the global market as Retik Finance struggles at launch, showcasing a robust $600M growth plan and securing strong investor confidence.

Education

Top Business Ide­as for Success in 2024

Looking for the best busine­ss ideas to start in 2024? Our guide will help you find promising options. We­ cover sectors like digital, we­llness, and green innovations se­t for growth next year. 

Digital Assets

Coinbase seeks to dismiss SEC lawsuit citing new crypto laws

Crypto exchange Coinbase has renewed its efforts to appeal a judge’s ruling in its ongoing case with the U.S. Securities and Exchange Commission (SEC), citing recent legislative developments in Congress.

Digital Assets

Elon Musk mourns Kabosu, Dogecoin responds with price jump

Dogecoin (DOGE) price climbed on Friday after the passing of Kabosu, the Shiba Inu who inspired the meme cryptocurrency.

Fundamental Analysis, Market News, Tech and Fundamental

Global FX Market Summary: FED, Eurozone Economic Outlook, US Dollar Index, May 24 ,2024

Despite positive US data, the Fed is likely to hold interest rates due to global slowdown concerns, lingering inflation, and internal disagreements. Markets expect potential cuts later in 2024.

<