Webull Pay has announced a strategic partnership with Coinbase aimed at expanding access to regulated cryptocurrency services, set to launch in June 2025.
Overview of Webull Pay and Coinbase Partnership
Webull Pay will utilize Coinbase’s infrastructure for trading, custody, and staking services through its Crypto-as-a-Service (CaaS) platform, facilitating its evolution from a stock trading app to a crypto-friendly financial platform.
What This Means for Users
By integrating Coinbase’s infrastructure, Webull Pay users will be able to trade cryptocurrencies, stake assets, and securely store tokens within the app. As of now, only USDC is confirmed as a tradable cryptocurrency, with more tokens expected to be added.
Future Expansion Plans and Market Impact
The firms are also negotiating global expansion plans to introduce Webull Pay-branded cryptocurrency services in targeted overseas markets. Although no final timeline has been revealed, this indicates a collective desire to grow beyond the U.S.
The partnership between Webull Pay and Coinbase represents a significant move towards expanding regulated cryptocurrency services, potentially setting a benchmark in the fintech landscape.
