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Webull's assets under management (AUM) in the region has grown by more than 100%

Business

Webull's assets under management (AUM) in the region has grown by more than 100%
Business

Business

Webull's assets under management (AUM) in the region has grown by more than 100%

2024-09-06 17:08 Last Updated At:17:25

Webull's Group President, Anthony Denier visits Asia-Pacific

BANGKOK, Sept. 6, 2024 /PRNewswire/ -- Webull Corporation, a world-leading digital investment platform is thrilled to announce the successful conclusion of a recent visit to the Asia-Pacific region by Group President, Anthony Denier. This trip underscores Webull's growth in the APAC region, and Webull's ongoing commitment to expanding its footprint in the region. Building on Webull's success in the U.S. market, Webull entered Hong Kong in 2020, followed by expansions into Singapore and Australia in 2022. In 2023, Webull entered Japan and Indonesia and most recently in 2024, Malaysia and Thailand. Since establishing its presence in the APAC region through Hong Kong, Webull's assets under management (AUM) in the region has grown by more than 100%.

"We are incredibly proud of Webull's rapid expansion in the APAC region. Since we entered the APAC market in 2020, we have seen a steady increase in our user base, with investors leveraging Webull's trading tools to develop a comprehensive and diversified investment portfolio across the U.S and APAC markets. In the next two years, Webull aims to be the top three broker-dealer in every region, and we remain committed to developing innovative solutions that will allow us to grow significantly while ensuring trading remains accessible and affordable for all retail investors," said Anthony Denier, Group President of Webull Corporation.

Strong American genes, deeply rooted in the global market

Launched in the U.S. in 2018, Webull has since expanded its reach to Asia Pacific (APAC), Europe, and Latin America, achieving over 40 million downloads globally and surpassing 20 million registered users. In 2023, Webull's average daily trading asset volume has a year-on-year increase of nearly 40%. The equity notional volumes of U.S. stock trades, reflecting platform user trading activity, reached US$371 billion, and the number of futures contracts traded reached 430 million. In Q4 of 2023, Webull achieved a user retention rate of 98%, and in the U.S. market alone the retention rate was as high as 94%. These performances demonstrate the smooth trading experience for users and the trust they have in Webull.

As one of the leading digital brokerages in the U.S., Webull continues to strengthen its presence across 13 global markets. Its strong foundation in the U.S. allows Webull to serve as a key gateway for local investors in APAC to access the U.S. market. In addition, Webull is committed to providing both the tools and knowledge needed to empower investors to better navigate U.S. securities, making Webull a trusted brokerage amongst local investors.

The recent launch of Webull Thailand has been a spotlight within the region. Anthony Denier has engaged Chonladet Khemarattana, CEO of Webull Thailand and a veteran in fintech industry, to discuss the accelerating growth in the area and the expansion of product offerings to cater to a burgeoning customer base.

With a number of industry firsts, entering the Thailand market powerfully

Webull is the first US brokerage in the country to get a license to operate in Thailand, as well as the first to launched 24-Hour US Stocks and ETFs Trading feature there.

Webull is also the first online broker to offer Nasdaq Total View Level 2 (LV2), an advanced market data feed that offers comprehensive insights into the United States stock market, specifically for stocks listed on the Nasdaq exchange. By having access to Total View data, Thai investors can gain a clearer understanding of the demand and supply dynamics for a stock at various price points, beyond just the best bid and ask. This transparency helps investors gauge the direction in which the price of a stock may move.

Additionally, Webull Thailand is the first online brokerage in the country to introduce index options trading, helping Thai investors to diversify their portfolios beyond individual stocks and/or hedge against the market downturn. In terms of platform capabilities, the Webull App equips Thai investors with sophisticated trading tools and the most extensive array of order types to enhance their trading strategies. Beyond its advanced products and features, Webull also dedicated to providing the local individual investors with efficient trading services, low-barrier, and more favourable commission rates to help them access global investment markets.

"Our proven operational model in the U.S. has allowed us to quickly meet the demands of Thai investors, offering them access to professional trading tools and the U.S. markets. We are committed to expanding our product line and continuously adding features that will empower our users to navigate the dynamic global financial landscape with confidence." added Chonladet Khemarattana, CEO of Webull Thailand.

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

Webull's assets under management (AUM) in the region has grown by more than 100%

Webull's assets under management (AUM) in the region has grown by more than 100%

Webull's assets under management (AUM) in the region has grown by more than 100%

Webull's assets under management (AUM) in the region has grown by more than 100%

RIYADH, Saudi Arabia, Sept. 16, 2024 /PRNewswire/ -- As the AFC Champions League EliteTM is officially kicking off, TECNO, the Official Global Supporter of AFC Club Competitions, is delighted to unveil its #GoalTogether brand campaign in Saudi Arabia. This campaign aims to encourage Saudi Arabian consumers to never stop striving for their dreams and goals, while celebrate the exciting event together with them. 

The campaign kicked off with an exhilarating brand manifesto, "Goal Together", which artistically weaves together the intensity of AFC Champions League EliteTM matches with the lively rhythm of daily passions in Saudi Arabia. The brand film crafts a resonant narrative that draws a powerful parallel between the competitive drive in sports and the individual quests of Saudi consumers and the beautiful ambition of all Saudi Arabia's youth for future. Not only does it blend the two realms of the stadium and everyday life, but it also communicates the spirit of Saudi people and the nation: It's our ambition that drives us towards success on the field, as a nation or as an innovator. The film captures a spectrum of Saudi individuals—ranging from innovators pushing the boundaries of advancement, to young gamers passionate about their craft, and women breaking barriers in their lives—who, despite their diversity, are united in their pursuit.

In recent years, with Vision 2030, Saudi Arabia's economy has experienced a transformation through income diversification, resulting in an enhancement of its economic strength and international standing. This achievement is derived from the relentless drive and progressive spirit of the Saudi people, who have consistently endeavored for progress across various fields—be it sports, education, professional domains, or on the global stage. In tandem with these developments, consumer confidence and national pride are experiencing a significant upward trajectory. Whether it is the power of women or the enthusiasm of young people, everyone can feel this upward vibrancy and strength.

"We deeply understand the relentless and ambitious spirit of Saudi consumers in their approach to progress," said Laury Bai, chief marketing officer of TECNO, "We aspire for this campaign to serve as a bridge, capturing the relentless pursuit of triumph to provide local consumers with a deeper insight into TECNO's brand ethos and its alignment with the prevailing spirit and aspirations of modern Saudi Arabia."

The #GoalTogether brand campaign serves as a natural progression of TECNO's "Stop at Nothing" brand ethos, which represents the belief of all TECNO users in emerging markets who never stop pushing limits in pursuit of excellence. Guided by the brand ethos, TECNO has rolled out a range of activities in emerging markets like India, the Philippines, and Turkey, aimed at inspiring young consumers to celebrate the diverse aspects of life. The consistent execution of these motivational campaigns underscores TECNO's position as a trailblazer in the tech industry and, more importantly, as a beacon of inspiration and support for the aspirations of young consumers worldwide.

About TECNO

As a global innovative technology brand with operations in over 70 markets, TECNO has been committed to revolutionizing the digital experience in global emerging markets, relentlessly pushing for the perfect integration of contemporary, aesthetic design with the latest technologies. TECNO offers a wide range of smartphones, smart wearables, laptops and tablets, HiOS operating systems, and smart home products. Guided by its brand essence of "Stop At Nothing", TECNO is committed to unlocking the best and newest technologies for forward-looking individuals, inspiring them to never stop pursuing their best selves and their best futures. For more information, please visit TECNO's official site: www.tecno-mobile.com.

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

TECNO Launches #GoalTogether Campaign to Celebrate Saudi Arabia Youth's Unstoppable Pride and Ambition

TECNO Launches #GoalTogether Campaign to Celebrate Saudi Arabia Youth's Unstoppable Pride and Ambition

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