Webull has announced its multi-year partnership with The Brooklyn Nets and affiliated organizations, giving it international marketing rights and title of official jersey patch partner for the Brooklyn Nets’ upcoming NBA season.
As the sponsor of the Brooklyn Nets, the broker-dealer focused on zero-commission trading and in-depth market data showcased the partnership with the team’s Pregame Jersey Presentation at the Barclays Center.
Webull chief executive Anthony Denier and members of the corporate team joined Nets players and executives for the ceremonial jersey exchange at center court before tipoff.
Webull has decided to donate a total of 8,000 tickets to various nonprofit organizations and groups from New York City for the Nets’ first eight home games.
Anthony Denier, Chief Executive Officer at Webull, said: “The entire Webull team is thrilled that our first-ever sports partnership is with the Brooklyn Nets, who are only five subway stops from our headquarters in New York.
“We have a New York team with a diverse fan base, alongside our customers, who are a diverse group of investors, and the Brooklyn Nets have a great international audience, so this partnership aligned perfectly. There was a huge moment of excitement when we first saw the patch on the Nets’ jerseys, and we can’t wait to continue cheering them on this season.”
Webull is a broker-dealer registered with the Securities and Exchange Commission (SEC) and is a member of the Financial Industry Regulatory Authority (FINRA).
The trading company is also a member of the Securities Investor Protection Corporation (SIPC), which protects securities customers of its members up to $500,000 (including $250,000 for claims for cash.
The New York-headquartered broker has Apex Clearing as the clearing partner with an additional insurance policy, providing protection for securities and cash up to an aggregate of $150 million, subject to maximum limits of $37.5 million for any one customer’s securities and $900,000 for any one customer’s cash.
Similar to SIPC protection, this additional insurance does not protect against a loss in the market value of securities.
As to cryptocurrency execution and custody services, Apex Crypto is the partner via a software licensing agreement between Apex Crypto LLC and Webull Crypto LLC. Cryptocurrency trading is offered through an account with Apex Crypto. Cryptocurrency holdings, however, are not FDIC or SIPC insured.
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