Robinhood Rival Webull Sees 16-Fold Jump in New Trading Accounts
- Account signups Thursday were 1,548% higher than 7-day average
- Robinhood’s curbs on volatile stocks sparked customer outrage
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The backlash over trading restrictions imposed by Robinhood Markets may be driving customers to one of the brokerage’s fastest-growing rivals, Webull Financial.
“We’re part of this revolution that’s going on,” Webull Chief Executive Officer Anthony Denier said Friday in an interview with Bloomberg Television. “The times have completely changed. We find that our customers have multiple brokerage accounts across many different platforms.”