Under the agreement, Webull Pay gains access to Coinbase’s institutional-grade infrastructure, including custody solutions, advanced trading systems, and support for the stablecoin USDC. The partnership will also enable staking capabilities for Webull Pay users.
Coinbase’s blog post states that its technology is already used by major financial institutions, though terms of the deal were not disclosed. Stephen Yip, CEO of Webull Pay, stated the collaboration aims to broaden the platform’s crypto offerings.
“This collaboration unlocks powerful capabilities that will accelerate innovation on our platform, giving customers greater access, flexibility, and opportunity in the evolving crypto landscape,” he remarked.
The integration will leverage Coinbase’s liquidity pools and security protocols, which are designed to handle high transaction volumes. Webull Pay, known for its stock trading app, did not specify which cryptocurrencies will be added beyond USDC.
Both companies are exploring international expansion, potentially introducing Webull Pay-branded crypto services in global markets. A timeline for these efforts was also not provided.
The move comes as demand for regulated crypto services grows among retail and institutional investors. Webull Pay, launched in 2023, has over 20 million users globally, while Coinbase remains the largest U.S.-based crypto exchange.
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