Webull Pay has announced a strategic partnership with Coinbase to expand its cryptocurrency offerings, leveraging Coinbase's Crypto-as-a-Service (CaaS) platform. Scheduled for launch in June 2025, the collaboration will enable Webull Pay users to access advanced crypto services such as institutional-grade custody, trading, staking, and support for USD Coin (USDC).
This integration will provide Webull Pay with tighter spreads, deep liquidity, and income-generating crypto features. By utilizing Coinbase's back-end infrastructure, which is trusted by global financial firms and asset managers, Webull Pay aims to deliver a scalable and regulatory-compliant crypto stack. The partnership will also facilitate secure digital asset storage and staking functionalities.
Stephen Yip, CEO of Webull Pay, highlighted the goal to enhance platform innovation, broaden product offerings, and support international market expansion. Customers will benefit from wider crypto trading options and USDC rewards that serve as loyalty incentives, providing an alternative to traditional bank yields, albeit without FDIC or SIPC insurance.
Coinbase’s CaaS platform allows partners like Webull Pay to integrate crypto services without developing internal infrastructure, including APIs for custody, trading, and wallets while meeting regulatory compliance across jurisdictions. Future phases of the partnership plan to deliver Webull Pay-branded crypto experiences globally, supported by Coinbase’s operational and licensing capabilities.