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  "presentationDate": "2023-11-01 00:00:00",
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      "text": "CRYPTO SERVICES REVENUES AND RELATED COSTS ($MM)\n$335.3\n$334.0\n$191.8\n$190.1\n$0.5 $0.4\n$0.3 $0.3\n$0.4 $0.4\n3Q22\n4Q22\n1Q23\n2Q23\n3Q23\nCrypto services gross revenue\nCrypto costs and execution, clearing and brokerage fees",
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      "text": "Crypto services revenue\nGross revenue of $191.8mm was impacted by lower industry wide volumes and lower activity levels from Webull Pay customers",
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      "text": "Crypto costs and execution, clearing and brokerage fees\nCrypto costs and execution, clearing and brokerage fees of $190.1mm in line with revenue levels\nIncludes impact of adjustment to revenue share agreement with Webull Pay",
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      "kind": "paragraph",
      "text": "3Q23 results include Apex Crypto, which we acquired on April 1, 2023. In accordance with GAAP, we are presenting our crypto services revenue and crypto costs and execution, clearing and brokerage fees on a gross basis",
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