Webull, a trading platform that offers both traditional securities as well as crypto, has launched services in Singapore, according to a corporate statement.
Singapore residents have been able to trade using Webull since May accessing US-listed equities, ETFs, options, and fractional shares, as well as Hong Kong-listed equities and ETFs. Webull did not indicate if crypto trading would be available at launch. The announcement is part of a broader initiative to expand services across the Asia Pacific region.
Bernard Teo, CEO of Webull Singapore, commented:
“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.”
Webull Singapore has secured a capital markets services license from the Monetary Authority of Singapore at the end of 2021.
The Webull trading platform launched in the United States in 2018 through a subsidiary of Webull that is an SEC-registered broker-dealer and FINRA member. Residents of the US can trade crypto over the Webull platform via an arrangement with Apex Crypto LLC.