What is the principal business code for a digital currency exchange like Webull?

3 answers

• Nov 26, 2021 · 3 years ago
  The principal business code for a digital currency exchange like Webull is 522390. This code is used by the Internal Revenue Service (IRS) to classify businesses in the securities, commodity contracts, and other financial investments industry. It specifically refers to 'Other Activities Related to Credit Intermediation'. This code is applicable to digital currency exchanges as they facilitate the trading of cryptocurrencies and provide a platform for users to buy and sell digital assets.
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• Nov 26, 2021 · 3 years ago
  When it comes to the principal business code for a digital currency exchange like Webull, it falls under the category of 522390. This code is used by the IRS to classify businesses that are involved in activities related to credit intermediation. Digital currency exchanges like Webull facilitate the trading of cryptocurrencies and provide a platform for users to engage in buying and selling digital assets. Therefore, they are classified under this specific business code.
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• Nov 26, 2021 · 3 years ago
  Digital currency exchanges like Webull are classified under the principal business code 522390. This code is used by the IRS to categorize businesses that are involved in activities related to credit intermediation. It encompasses various financial activities, including the facilitation of cryptocurrency trading. So, if you're looking for the specific business code for a digital currency exchange like Webull, it's 522390.
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