Webull Offers Corporate-Bond Trading to US Clients
(Bloomberg) -- Online retail brokerage Webull Corp. is starting to offer corporate-bond trading for US customers.
Investors will be able to buy and sell both investment-grade and high-yield bonds denominated in US dollars, according to a company statement obtained by Bloomberg. The company is selling the bonds with a commission of 0.1 percentage point, with a $10 minimum fee, it said in the statement.
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The platform already allows users to trade US Treasuries and plans to expand its corporate-bond offerings to other regions in the future.
“The growth of retail in the credit side is just at the very beginning stages,” Webull’s US Chief Executive Officer Anthony Denier said in an interview. “It’s platforms like us that are going to innovate and make the experience something that’s not confusing — make the experience seamless.”
Investors on Webull were previously only able to trade corporate bonds through exchange-traded funds.
(Updates with additional details in the last paragraph. A previous version corrected pricing information in the second paragraph.)
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