Crypto generated about 1% of Webull’s record $198M Q2 revenue

cointelegraphPublished on 2026-08-20Last updated on 2026-08-20

Abstract

Webull reported record Q2 2026 revenue of $198 million, a 51% year-over-year increase. Cryptocurrency trading contributed $2.25 million, or just over 1%, of this total. The majority of revenue (56%, or $112 million) came from equity and options trading. During an earnings call, President Anthony Michael Denier stated the company is gradually introducing crypto deposit and withdrawal features. The results slightly exceeded Wall Street estimates, and Webull's stock price saw significant gains following the announcement. In contrast, competitor Robinhood recently reported a 38% decline in its crypto transaction revenue for the quarter.

Webull said Wednesday that cryptocurrency trading accounted for $2.25 million, or a little over 1% of the platform’s record $198 million revenue for the second quarter of 2026.

Revenue for the period was up 51% year-over-year, according to online brokerage and digital trading platform’s Wednesday earnings release.

That’s as equity and options trading generated $112 million of the quarterly income, or about 56% of the total $198 million.

Webull president and director Anthony Michael Denier during a Wednesday earnings call said the company was in the process of gradually rolling out crypto deposit and withdrawal capabilities.

Online brokerage Robinhood also posted record quarterly results on July 30, but its crypto transaction revenue fell 38% to $100 million, from about $160 million a year earlier.

Cointelegraph has approached Webull for more details about its cryptocurrency trading revenue compared to previous quarters.

The platform’s quarterly revenue came in slightly above Wall Street consensus of $194.5 million, according to analyst estimates compiled by Yahoo Finance. Webull’s stock price rose 8.9% on Wednesday and was up nearly 15% in pre-market activity on Thursday, changing hands at $9.98 a shareas of 10:37 am UTC.

Magazine: Why Ray Dalio says Bitcoin can’t replace gold

Trending Cryptos

CitreaCTR

wrapped stUSDTWSTUSDT

Velodrome FinanceVELODROME

Institutions Have Already Bought the Dip: Is Bitcoin at $70,000 the Start of a Bull Run or a Local Top?

Institutional Investors Piled into Bitcoin Ahead of Rally: Is $70K a New Bull Market Start or Local Top? Bitcoin surged past $70,000 following pro-crypto remarks from former U.S. President Donald Trump on August 20. However, institutional investors had been accumulating exposure in Q2 2026, even as the price fell. 13F filings reveal that while total Bitcoin ETF holdings declined, institutional holdings increased by 7.5%, reaching a record 44.2% share of ETF assets. Key institutional moves include Jane Street increasing its Bitcoin ETF and MicroStrategy (MSTR) exposure by over $800 million, BlackRock adding ~$290 million in Bitcoin-related holdings (MSTR, its own IBIT ETF, and ASST), and JPMorgan boosting its IBIT position by $85.6 million. UBS significantly increased its call option exposure on IBIT. Notably, Paul Tudor Jones's fund reversed a multi-quarter selling trend to add IBIT shares. Market opinions are divided post-rally. The "bear market over" camp includes F2Pool's co-founder declaring the bear market ended, Strive's CEO citing a favorable macro backdrop for Bitcoin, and Standard Chartered targeting $100,000 by year-end. Conversely, the "not yet bottomed" camp includes CZ stating the super cycle hasn't arrived, CryptoQuant analysts warning of elevated retail demand often preceding local tops, and analysis from VanEck and Glassnode suggesting on-chain data shows a prolonged "capitulation phase" is still unfolding, indicating current price strength may be a relief rally rather than a definitive trend reversal.

Odaily星球日报15m ago

Institutions Have Already Bought the Dip: Is Bitcoin at $70,000 the Start of a Bull Run or a Local Top?

Odaily星球日报15m ago

MemeCore Arrives on Nasdaq Through $1 Billion Landmark Treasury Transaction！

MemeCore announced a strategic transaction with Nasdaq-listed ZeroStack Corp. valued at $1 billion. Principals Puple AI Inc. and Blockcat Pte. Ltd. contributed $1 billion worth of MemeCore ($M) tokens (925,925,926 tokens at $1.08 each) in exchange for 3.5 million shares of ZeroStack common stock and pre-funded warrants to purchase up to 36.2 million additional shares. The deal aims to connect the MemeCore ecosystem, a Layer 1 blockchain for meme culture, with public markets and ZeroStack's decentralized AI strategy. Rudy Rong, a MemeCore principal appointed as ZeroStack's President, stated the move expands MemeCore's vision beyond speculation into lasting cultural and economic value. ZeroStack CEO Daniel Reis-Faria called it a milestone, positioning the company at the intersection of decentralized AI, digital assets, and institutional capital. The transaction is subject to definitive agreements and shareholder approval for the warrant shares, which would be subject to a lock-up period.

TheNewsCrypto21m ago

MemeCore Arrives on Nasdaq Through $1 Billion Landmark Treasury Transaction！

TheNewsCrypto21m ago

Viewpoint: A $4 Billion Buyback Can Fix Liquidity, But Not U.S. Fiscal Health

On August 19, the U.S. Treasury announced it would increase its maximum single-operation buyback size for long-term bonds from $2 billion to at least $4 billion, aiming to improve market liquidity. This move initially led to a pullback in long-term yields, such as the 30-year Treasury yield which had recently hit a 2007 high near 5.34%, sparking talk of potential "Treasury support." However, an opposing perspective argues this is merely a temporary fix. While buybacks can enhance trading conditions for older, less-liquid bonds, they do not address the underlying fiscal pressures. The Treasury's actions are a form of debt management, not monetary stimulus like QE; the funds used for buybacks ultimately come from cash balances or new borrowing. They do not reduce the government's overall financing needs. The core issue is growing fiscal supply. With the federal deficit reaching a record $432 billion in July 2026 and cumulative deficits already surpassing the prior fiscal year's total, the market faces a massive wave of new debt issuance. The recent surge in long-term yields may reflect a repricing of this persistent fiscal risk and the associated term premium, rather than just a liquidity shortage. Furthermore, demand-side challenges loom. Foreign holdings of U.S. Treasuries have recently declined, and if official demand weakens, the market will rely more on price-sensitive private investors, potentially requiring higher yields to clear future auctions. In essence, the Treasury can use buybacks to soothe market "trading problems," but it cannot buy away the nation's "fiscal problem." The key factors to watch will be the appetite at long-term bond auctions, the trajectory of the fiscal deficit, and whether higher yields can sustainably attract buyers. Without improvement in these areas, the yield relief provided by the $4 billion buyback expansion is likely just a short-term buffer.

marsbit25m ago

Viewpoint: A $4 Billion Buyback Can Fix Liquidity, But Not U.S. Fiscal Health

marsbit25m ago

Crypto trading contributed around 1% to Webull's record $198 million revenue in Q2

Webull reported that cryptocurrency trading generated $2.25 million in revenue, accounting for just over 1% of its record-breaking $198 million total revenue for the second quarter of 2026. The platform's overall revenue grew by 51% year-over-year. Revenue from stock and options trading made up the majority, contributing $112 million or about 56% of the total. During an earnings call, Webull's President Anthony Michael Denier noted a positive outlook for the crypto business, stating that "the clouds are dissipating" for the first time in nine months. He added that the company is gradually rolling out crypto deposit and withdrawal features. The platform's quarterly revenue slightly exceeded Wall Street consensus estimates of $194.5 million. Following the announcement, Webull's stock price rose significantly. In contrast, competitor Robinhood reported record quarterly results in late July but saw its crypto transaction revenue decline by 38% to $100 million.

cryptonews.ru25m ago

Crypto trading contributed around 1% to Webull's record $198 million revenue in Q2

cryptonews.ru25m ago

Coinbase Takes a Huge Leap Forward! A New Era Begins for Bitcoin (BTC), Ethereum (ETH), and Altcoins! Here are the Details

While Bitcoin and altcoins experience a sharp rise, Coinbase has taken a major step by introducing a derivatives trading product to users of its Base App. The exchange has integrated Hyperliquid's perpetual futures trading functionality into the app. This integration allows eligible users to access over 290 perpetual futures markets directly within Base, using leverage of up to 50x depending on the asset. Supported assets include cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH), as well as stock and commodity markets. The new system enables users to utilize Hyperliquid's blockchain-based trading infrastructure and liquidity without leaving their existing wallets. Coinbase noted that perpetual futures account for roughly 75% of crypto market trading volume and were a highly requested feature among active Base App users. However, this new leveraged derivatives service will not be available in the United States, United Kingdom, Canada, and certain other regions with restrictions on such trading.

cryptonews.ru35m ago

Coinbase Takes a Huge Leap Forward! A New Era Begins for Bitcoin (BTC), Ethereum (ETH), and Altcoins! Here are the Details

cryptonews.ru35m ago

Trading

Spot

Hot Articles

What is SONIC

Sonic: Pioneering the Future of Gaming in Web3 Introduction to Sonic In the ever-evolving landscape of Web3, the gaming industry stands out as one of the most dynamic and promising sectors. At the forefront of this revolution is Sonic, a project designed to amplify the gaming ecosystem on the Solana blockchain. Leveraging cutting-edge technology, Sonic aims to deliver an unparalleled gaming experience by efficiently processing millions of requests per second, ensuring that players enjoy seamless gameplay while maintaining low transaction costs. This article delves into the intricate details of Sonic, exploring its creators, funding sources, operational mechanics, and the timeline of significant events that have shaped its journey. What is Sonic? Sonic is an innovative layer-2 network that operates atop the Solana blockchain, specifically tailored to enhance the existing Solana gaming ecosystem. It accomplishes this through a customised, VM-agnostic game engine paired with a HyperGrid interpreter, facilitating sovereign game economies that roll up back to the Solana platform. The primary goals of Sonic include: Enhanced Gaming Experiences: Sonic is committed to offering lightning-fast on-chain gameplay, allowing players and developers to engage with games at previously unattainable speeds. Atomic Interoperability: This feature enables transactions to be executed within Sonic without the need to redeploy Solana programmes and accounts. This makes the process more efficient and directly benefits from Solana Layer1 services and liquidity. Seamless Deployment: Sonic allows developers to write for Ethereum Virtual Machine (EVM) based systems and execute them on Solana’s SVM infrastructure. This interoperability is crucial for attracting a broader range of dApps and decentralised applications to the platform. Support for Developers: By offering native composable gaming primitives and extensible data types - dining within the Entity-Component-System (ECS) framework - game creators can craft intricate business logic with ease. Overall, Sonic's unique approach not only caters to players but also provides an accessible and low-cost environment for developers to innovate and thrive. Creator of Sonic The information regarding the creator of Sonic is somewhat ambiguous. However, it is known that Sonic's SVM is owned by the company Mirror World. The absence of detailed information about the individuals behind Sonic reflects a common trend in several Web3 projects, where collective efforts and partnerships often overshadow individual contributions. Investors of Sonic Sonic has garnered considerable attention and support from various investors within the crypto and gaming sectors. Notably, the project raised an impressive $12 million during its Series A funding round. The round was led by BITKRAFT Ventures, with other notable investors including Galaxy, Okx Ventures, Interactive, Big Brain Holdings, and Mirana. This financial backing signifies the confidence that investment foundations have in Sonic’s potential to revolutionise the Web3 gaming landscape, further validating its innovative approaches and technologies. How Does Sonic Work? Sonic utilises the HyperGrid framework, a sophisticated parallel processing mechanism that enhances its scalability and customisability. Here are the core features that set Sonic apart: Lightning Speed at Low Costs: Sonic offers one of the fastest on-chain gaming experiences compared to other Layer-1 solutions, powered by the scalability of Solana’s virtual machine (SVM). Atomic Interoperability: Sonic enables transaction execution without redeployment of Solana programmes and accounts, effectively streamlining the interaction between users and the blockchain. EVM Compatibility: Developers can effortlessly migrate decentralised applications from EVM chains to the Solana environment using Sonic’s HyperGrid interpreter, increasing the accessibility and integration of various dApps. Ecosystem Support for Developers: By exposing native composable gaming primitives, Sonic facilitates a sandbox-like environment where developers can experiment and implement business logic, greatly enhancing the overall development experience. Monetisation Infrastructure: Sonic natively supports growth and monetisation efforts, providing frameworks for traffic generation, payments, and settlements, thereby ensuring that gaming projects are not only viable but also sustainable financially. Timeline of Sonic The evolution of Sonic has been marked by several key milestones. Below is a brief timeline highlighting critical events in the project's history: 2022: The Sonic cryptocurrency was officially launched, marking the beginning of its journey in the Web3 gaming arena. 2024: June: Sonic SVM successfully raised $12 million in a Series A funding round. This investment allowed Sonic to further develop its platform and expand its offerings. August: The launch of the Sonic Odyssey testnet provided users with the first opportunity to engage with the platform, offering interactive activities such as collecting rings—a nod to gaming nostalgia. October: SonicX, an innovative crypto game integrated with Solana, made its debut on TikTok, capturing the attention of over 120,000 users within a short span. This integration illustrated Sonic’s commitment to reaching a broader, global audience and showcased the potential of blockchain gaming. Key Points Sonic SVM is a revolutionary layer-2 network on Solana explicitly designed to enhance the GameFi landscape, demonstrating great potential for future development. HyperGrid Framework empowers Sonic by introducing horizontal scaling capabilities, ensuring that the network can handle the demands of Web3 gaming. Integration with Social Platforms: The successful launch of SonicX on TikTok displays Sonic’s strategy to leverage social media platforms to engage users, exponentially increasing the exposure and reach of its projects. Investment Confidence: The substantial funding from BITKRAFT Ventures, among others, emphasizes the robust backing Sonic has, paving the way for its ambitious future. In conclusion, Sonic encapsulates the essence of Web3 gaming innovation, striking a balance between cutting-edge technology, developer-centric tools, and community engagement. As the project continues to evolve, it is poised to redefine the gaming landscape, making it a notable entity for gamers and developers alike. As Sonic moves forward, it will undoubtedly attract greater interest and participation, solidifying its place within the broader narrative of blockchain gaming.

2.4k Total ViewsPublished 2024.04.04Updated 2024.12.03

What is $S$

Understanding SPERO: A Comprehensive Overview Introduction to SPERO As the landscape of innovation continues to evolve, the emergence of web3 technologies and cryptocurrency projects plays a pivotal role in shaping the digital future. One project that has garnered attention in this dynamic field is SPERO, denoted as SPERO,$$s$. This article aims to gather and present detailed information about SPERO, to help enthusiasts and investors understand its foundations, objectives, and innovations within the web3 and crypto domains. What is SPERO,$$s$? SPERO,$$s$ is a unique project within the crypto space that seeks to leverage the principles of decentralisation and blockchain technology to create an ecosystem that promotes engagement, utility, and financial inclusion. The project is tailored to facilitate peer-to-peer interactions in new ways, providing users with innovative financial solutions and services. At its core, SPERO,$$s$ aims to empower individuals by providing tools and platforms that enhance user experience in the cryptocurrency space. This includes enabling more flexible transaction methods, fostering community-driven initiatives, and creating pathways for financial opportunities through decentralised applications (dApps). The underlying vision of SPERO,$$s$ revolves around inclusiveness, aiming to bridge gaps within traditional finance while harnessing the benefits of blockchain technology. Who is the Creator of SPERO,$$s$? The identity of the creator of SPERO,$$s$ remains somewhat obscure, as there are limited publicly available resources providing detailed background information on its founder(s). This lack of transparency can stem from the project's commitment to decentralisation—an ethos that many web3 projects share, prioritising collective contributions over individual recognition. By centring discussions around the community and its collective goals, SPERO,$$s$ embodies the essence of empowerment without singling out specific individuals. As such, understanding the ethos and mission of SPERO remains more important than identifying a singular creator. Who are the Investors of SPERO,$$s$? SPERO,$$s$ is supported by a diverse array of investors ranging from venture capitalists to angel investors dedicated to fostering innovation in the crypto sector. The focus of these investors generally aligns with SPERO's mission—prioritising projects that promise societal technological advancement, financial inclusivity, and decentralised governance. These investor foundations are typically interested in projects that not only offer innovative products but also contribute positively to the blockchain community and its ecosystems. The backing from these investors reinforces SPERO,$$s$ as a noteworthy contender in the rapidly evolving domain of crypto projects. How Does SPERO,$$s$ Work? SPERO,$$s$ employs a multi-faceted framework that distinguishes it from conventional cryptocurrency projects. Here are some of the key features that underline its uniqueness and innovation: Decentralised Governance: SPERO,$$s$ integrates decentralised governance models, empowering users to participate actively in decision-making processes regarding the project’s future. This approach fosters a sense of ownership and accountability among community members. Token Utility: SPERO,$$s$ utilises its own cryptocurrency token, designed to serve various functions within the ecosystem. These tokens enable transactions, rewards, and the facilitation of services offered on the platform, enhancing overall engagement and utility. Layered Architecture: The technical architecture of SPERO,$$s$ supports modularity and scalability, allowing for seamless integration of additional features and applications as the project evolves. This adaptability is paramount for sustaining relevance in the ever-changing crypto landscape. Community Engagement: The project emphasises community-driven initiatives, employing mechanisms that incentivise collaboration and feedback. By nurturing a strong community, SPERO,$$s$ can better address user needs and adapt to market trends. Focus on Inclusion: By offering low transaction fees and user-friendly interfaces, SPERO,$$s$ aims to attract a diverse user base, including individuals who may not previously have engaged in the crypto space. This commitment to inclusion aligns with its overarching mission of empowerment through accessibility. Timeline of SPERO,$$s$ Understanding a project's history provides crucial insights into its development trajectory and milestones. Below is a suggested timeline mapping significant events in the evolution of SPERO,$$s$: Conceptualisation and Ideation Phase: The initial ideas forming the basis of SPERO,$$s$ were conceived, aligning closely with the principles of decentralisation and community focus within the blockchain industry. Launch of Project Whitepaper: Following the conceptual phase, a comprehensive whitepaper detailing the vision, goals, and technological infrastructure of SPERO,$$s$ was released to garner community interest and feedback. Community Building and Early Engagements: Active outreach efforts were made to build a community of early adopters and potential investors, facilitating discussions around the project’s goals and garnering support. Token Generation Event: SPERO,$$s$ conducted a token generation event (TGE) to distribute its native tokens to early supporters and establish initial liquidity within the ecosystem. Launch of Initial dApp: The first decentralised application (dApp) associated with SPERO,$$s$ went live, allowing users to engage with the platform's core functionalities. Ongoing Development and Partnerships: Continuous updates and enhancements to the project's offerings, including strategic partnerships with other players in the blockchain space, have shaped SPERO,$$s$ into a competitive and evolving player in the crypto market. Conclusion SPERO,$$s$ stands as a testament to the potential of web3 and cryptocurrency to revolutionise financial systems and empower individuals. With a commitment to decentralised governance, community engagement, and innovatively designed functionalities, it paves the way toward a more inclusive financial landscape. As with any investment in the rapidly evolving crypto space, potential investors and users are encouraged to research thoroughly and engage thoughtfully with the ongoing developments within SPERO,$$s$. The project showcases the innovative spirit of the crypto industry, inviting further exploration into its myriad possibilities. While the journey of SPERO,$$s$ is still unfolding, its foundational principles may indeed influence the future of how we interact with technology, finance, and each other in interconnected digital ecosystems.

428 Total ViewsPublished 2024.12.17Updated 2024.12.17

What is AGENT S

Agent S: The Future of Autonomous Interaction in Web3 Introduction In the ever-evolving landscape of Web3 and cryptocurrency, innovations are constantly redefining how individuals interact with digital platforms. One such pioneering project, Agent S, promises to revolutionise human-computer interaction through its open agentic framework. By paving the way for autonomous interactions, Agent S aims to simplify complex tasks, offering transformative applications in artificial intelligence (AI). This detailed exploration will delve into the project's intricacies, its unique features, and the implications for the cryptocurrency domain. What is Agent S? Agent S stands as a groundbreaking open agentic framework, specifically designed to tackle three fundamental challenges in the automation of computer tasks: Acquiring Domain-Specific Knowledge: The framework intelligently learns from various external knowledge sources and internal experiences. This dual approach empowers it to build a rich repository of domain-specific knowledge, enhancing its performance in task execution. Planning Over Long Task Horizons: Agent S employs experience-augmented hierarchical planning, a strategic approach that facilitates efficient breakdown and execution of intricate tasks. This feature significantly enhances its ability to manage multiple subtasks efficiently and effectively. Handling Dynamic, Non-Uniform Interfaces: The project introduces the Agent-Computer Interface (ACI), an innovative solution that enhances the interaction between agents and users. Utilizing Multimodal Large Language Models (MLLMs), Agent S can navigate and manipulate diverse graphical user interfaces seamlessly. Through these pioneering features, Agent S provides a robust framework that addresses the complexities involved in automating human interaction with machines, setting the stage for myriad applications in AI and beyond. Who is the Creator of Agent S? While the concept of Agent S is fundamentally innovative, specific information about its creator remains elusive. The creator is currently unknown, which highlights either the nascent stage of the project or the strategic choice to keep founding members under wraps. Regardless of anonymity, the focus remains on the framework's capabilities and potential. Who are the Investors of Agent S? As Agent S is relatively new in the cryptographic ecosystem, detailed information regarding its investors and financial backers is not explicitly documented. The lack of publicly available insights into the investment foundations or organisations supporting the project raises questions about its funding structure and development roadmap. Understanding the backing is crucial for gauging the project's sustainability and potential market impact. How Does Agent S Work? At the core of Agent S lies cutting-edge technology that enables it to function effectively in diverse settings. Its operational model is built around several key features: Human-like Computer Interaction: The framework offers advanced AI planning, striving to make interactions with computers more intuitive. By mimicking human behaviour in tasks execution, it promises to elevate user experiences. Narrative Memory: Employed to leverage high-level experiences, Agent S utilises narrative memory to keep track of task histories, thereby enhancing its decision-making processes. Episodic Memory: This feature provides users with step-by-step guidance, allowing the framework to offer contextual support as tasks unfold. Support for OpenACI: With the ability to run locally, Agent S allows users to maintain control over their interactions and workflows, aligning with the decentralised ethos of Web3. Easy Integration with External APIs: Its versatility and compatibility with various AI platforms ensure that Agent S can fit seamlessly into existing technological ecosystems, making it an appealing choice for developers and organisations. These functionalities collectively contribute to Agent S's unique position within the crypto space, as it automates complex, multi-step tasks with minimal human intervention. As the project evolves, its potential applications in Web3 could redefine how digital interactions unfold. Timeline of Agent S The development and milestones of Agent S can be encapsulated in a timeline that highlights its significant events: September 27, 2024: The concept of Agent S was launched in a comprehensive research paper titled “An Open Agentic Framework that Uses Computers Like a Human,” showcasing the groundwork for the project. October 10, 2024: The research paper was made publicly available on arXiv, offering an in-depth exploration of the framework and its performance evaluation based on the OSWorld benchmark. October 12, 2024: A video presentation was released, providing a visual insight into the capabilities and features of Agent S, further engaging potential users and investors. These markers in the timeline not only illustrate the progress of Agent S but also indicate its commitment to transparency and community engagement. Key Points About Agent S As the Agent S framework continues to evolve, several key attributes stand out, underscoring its innovative nature and potential: Innovative Framework: Designed to provide an intuitive use of computers akin to human interaction, Agent S brings a novel approach to task automation. Autonomous Interaction: The ability to interact autonomously with computers through GUI signifies a leap towards more intelligent and efficient computing solutions. Complex Task Automation: With its robust methodology, it can automate complex, multi-step tasks, making processes faster and less error-prone. Continuous Improvement: The learning mechanisms enable Agent S to improve from past experiences, continually enhancing its performance and efficacy. Versatility: Its adaptability across different operating environments like OSWorld and WindowsAgentArena ensures that it can serve a broad range of applications. As Agent S positions itself in the Web3 and crypto landscape, its potential to enhance interaction capabilities and automate processes signifies a significant advancement in AI technologies. Through its innovative framework, Agent S exemplifies the future of digital interactions, promising a more seamless and efficient experience for users across various industries. Conclusion Agent S represents a bold leap forward in the marriage of AI and Web3, with the capacity to redefine how we interact with technology. While still in its early stages, the possibilities for its application are vast and compelling. Through its comprehensive framework addressing critical challenges, Agent S aims to bring autonomous interactions to the forefront of the digital experience. As we move deeper into the realms of cryptocurrency and decentralisation, projects like Agent S will undoubtedly play a crucial role in shaping the future of technology and human-computer collaboration.

1.1k Total ViewsPublished 2025.01.14Updated 2025.01.14

Discussions

Welcome to the HTX Community. Here, you can stay informed about the latest platform developments and gain access to professional market insights. Users' opinions on the price of S (S) are presented below.