Crypto Trading App Webull Is Joining Forces with Coinbase to Power Its Digital Asset Services

In a new company blog post, Coinbase says that mobile trading app Webull chose it to power its trading services using Coinbase's Crypto-as-a-Service (CAAS) platform.

Crypto trading app Webull is teaming up with Coinbase to provide digital asset services, powered by Coinbase’s Crypto-as-a-Service (CaaaS) platform.

As part of the partnership, which was today announced in a company blog post, Coinbase will be providing Webull Pay with access to trading, custody, staking, and USDC through its CaaaS platform.

Coinbase says that it will be able to offer Webull Pay users "the benefit of Coinbase’s deep liquidity, tight spreads, and secure infrastructure to power Webull Pay’s crypto services. This will include a broad range of crypto products with the potential to generate income for Webull Pay users, all powered by the same technology that is trusted by some of the world’s largest financial institutions and asset managers."

Coinbase's CaaaS platform offers a range of tools that allow businesses to quickly and easily add crypto financial features to their existing systems without needing to build them from scratch. Its infrastructure will be used to support Webull Pay in the areas of security, compliance, and usability.

“We are excited to partner with Coinbase to bring new features, expanded product offerings, and a wider range of coins to trade on Webull Pay,” adds Steven Yip, chief executive of Webull.

“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 are building the future of digital asset trading.”

Both services are expected to launch in June 2025.