Webull Pay partnered with Coinbase in a deal that enables
Webull Pay’s crypto services to run on Coinbase’s institutional-grade
infrastructure. The agreement aims to offer staking, stablecoin rewards, and
more trading options starting next month.
Institutional Infrastructure Meets Retail Ambition
According to the announcement, Coinbase will provide
its Crypto-as-a-Service (CaaS) platform to support Webull Pay’s crypto operations.
The agreement also covers trading execution, custody, staking capabilities, and
access to USDC, Coinbase’s dollar-backed stablecoin.
“We’re excited to partner with Coinbase to bring new
features, expanded product offerings, and a wider range of coins to trade on
Webull Pay,” commented Stephen Yip, Webull Pay CEO.
“This collaboration unlocks
powerful capabilities that will accelerate innovation on our platform, giving
customers greater access, flexibility, and opportunity in the evolving crypto
landscape. Together, we’re building the future of digital asset trading.”
$BULL $COINCoinbase Partners with Webull Pay to Power Crypto ExperienceBlog
— Oracle (@OracleNYSE) May 16, 2025
For Webull Pay, the move delivers a critical backend
upgrade using infrastructure already used by major financial institutions. The
companies now aim to offer a secure, seamless user experience, which is expected to allow Webull
Pay to scale with the evolving crypto market.
The platform expects the new offering to enable users
to gain access to deep liquidity, tight spreads, and the potential for yield
through staking and USDC rewards.
Global Expansion on the Horizon
Beyond the domestic rollout, Coinbase and Webull Pay
are also exploring joint efforts to extend their services globally. That
would bring Webull Pay-branded crypto offerings to new markets, riding on
Coinbase’s existing global infrastructure and compliance frameworks.
The deal reportedly includes access to Coinbase’s USDC rewards
program. Users who hold USDC through Webull Pay will automatically be enrolled
in the loyalty scheme unless they opt out.
However, disclaimers clarify that these reward-bearing
accounts are not FDIC- or SIPC-insured and are not savings accounts. Rates can
vary and are subject to change.
Meanwhile, Coinbase plans to join the S&P 500 index this month. The index tracks the largest 500 publicly listed companies in the US across various sectors. The crypto exchange will reportedly be listed under the financials sector, replacing Discover Financial Services, which is being acquired by Capital One.
This article was written by Jared Kirui at www.financemagnates.com.
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