WeBull removed its cryptocurrency trading feature in 2024

WeBull stopped offering cryptocurrency trading to U.S. customers in March 2024. The platform had previously let you buy and sell Bitcoin, Ethereum, and other cryptocurrencies directly through your WeBull account. That feature is no longer there.

If you held crypto in a WeBull account before the shutdown, WeBull gave you a window to withdraw your holdings. The company sent notifications to affected users with instructions on how to move their crypto to an external wallet or another exchange. After the important date passed, any remaining crypto was liquidated — converted to cash and held in your WeBull account as a balance.

WeBull did not publicly explain the reason for removing crypto trading, but the move came during a period of increased regulatory scrutiny on cryptocurrency platforms and brokers offering digital assets.

Key Takeaways

  • WeBull's crypto trading feature ended in March 2024, and U.S. customers can no longer buy or sell cryptocurrencies through the platform.
  • If you owned crypto on WeBull before the shutdown, you had a set important date to withdraw it to an external wallet or another exchange.
  • Any crypto not withdrawn by the important date was automatically sold, and the cash proceeds remain in your WeBull account as a balance you can withdraw or use to buy stocks and ETFs.
  • You can still trade stocks, ETFs, options, and forex on WeBull — the removal only affected the cryptocurrency trading feature.

What happened to crypto already in your WeBull account

WeBull gave customers a specific important date to move their cryptocurrency holdings. During that window, you could transfer your Bitcoin, Ethereum, or other holdings to an external crypto wallet or move them to another cryptocurrency exchange. WeBull provided step-by-step instructions for withdrawing each type of crypto you held.

If you did not withdraw your crypto by the important date, WeBull automatically sold it at market price. The cash from that sale was credited to your WeBull account as a cash balance. You can withdraw that cash to your bank account, or you can use it to buy stocks, ETFs, options, or other investments that WeBull still supports.

This was not a loss of your money — it was a conversion from crypto holdings into cash. The amount you received was based on the market price at the time of the sale, which means the value could have been higher or lower than when you originally bought it.

How to check if you have a crypto balance sitting in WeBull

Log into your WeBull account and look at your account balance and cash position. If you had crypto that was liquidated, the proceeds appear as a cash balance. You can see this in the Account section or your portfolio overview, depending on which WeBull platform you use (mobile app or web).

If you are unsure whether you had crypto holdings or what happened to them, contact WeBull customer support directly. They can tell you whether any crypto was liquidated into your account and confirm the amount and date of the transaction.

Other investments you can still trade on WeBull

Removing crypto trading did not affect the rest of WeBull's platform. You can still buy and sell stocks, exchange-traded funds (ETFs), options, and forex (foreign currency pairs). If you have cash in your account from a liquidated crypto position, you can use that money to invest in any of these other asset classes.

WeBull also still offers fractional shares, which means you can buy a portion of a stock even if you do not have enough cash for a full share. This can be useful if you have a smaller balance and want to start investing in individual companies.

Whether other brokers still offer crypto trading

Many other brokers and platforms still let you trade cryptocurrency. Coinbase, Kraken, and Gemini are dedicated cryptocurrency exchanges. Some traditional brokers like Robinhood and E*TRADE also offer cryptocurrency trading alongside stocks and other investments. The availability and types of crypto you can trade vary by platform and by your location.

If you want to continue trading crypto after WeBull's shutdown, you will need to open an account with a different platform. Each platform has its own account setup process, fee structure, and selection of cryptocurrencies. Research which platform matches what you want to trade and how much you want to pay in fees.

Why brokers sometimes remove features

Brokers remove features for several reasons: regulatory changes, business decisions to focus on other products, technical or compliance challenges, or shifts in what customers are using. WeBull did not publicly state why it removed crypto trading, but the timing coincided with increased regulatory attention on how brokers and platforms handle digital assets.

When a broker removes a feature, existing customers are usually given notice and time to move their holdings or positions. This is different from a broker shutting down entirely, which would affect all accounts and assets. WeBull continues to operate and support stocks, ETFs, options, and other products.

Frequently Asked Questions

Can I still buy crypto through WeBull?

No. WeBull removed its cryptocurrency trading feature in March 2024, and U.S. customers can no longer buy or sell crypto through the platform. If you want to trade cryptocurrency, you will need to use a different exchange or broker.

What if I did not withdraw my crypto before the important date?

WeBull automatically sold your crypto at market price and converted it to cash in your account. That cash is yours to withdraw to your bank or use to buy stocks and other investments WeBull still supports. Check your account history to see the transaction details and the amount you received.

Can I get my crypto back if it was liquidated?

No. Once WeBull sold your crypto and converted it to cash, that transaction is final. You received the cash proceeds, which you can use as you choose. If you want to own that cryptocurrency again, you would need to buy it on a different platform using your own cash.

Is my cash balance safe after the crypto shutdown?

Yes. Cash balances in WeBull accounts are protected the same way they were before. WeBull is a registered broker-dealer, and customer cash is held in segregated accounts. The removal of crypto trading did not change how your cash is protected.

Can I transfer my WeBull account to another broker?

You can transfer stocks and ETFs you own to another broker through a process called an ACAT transfer (Automated Customer Account Transfer). Crypto is no longer held on WeBull, so there is nothing to transfer in that category. Contact WeBull or your new broker for instructions on transferring other holdings.