Webull Pay Partners with Coinbase to Enhance Its Crypto Infrastructure Ahead of a June 2025 Rollout

The integration leverages Coinbase's Crypto-as-a-Service platform to enable Webull Pay users to access trading, staking, institutional-grade custody, and USDC

Webull Pay is partnering with Coinbase to add crypto trading to its money transfer app ahead of a June 2025 launch, according to an announcement on Tuesday.

The partnership will integrate Coinbase’s Crypto-as-a-Service platform into Webull Pay, offering users access to crypto trading, staking, institutional-grade custody and USDC through the same infrastructure used by global financial firms.

This partnership will also allow Webull Pay to offer tighter spreads, deeper liquidity and access to income-generating crypto features. Coinbase’s back-end infrastructure will power the full crypto stack for Webull Pay, supporting the firm’s product expansion strategy with a scalable and regulatory-compliant framework.

“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,” said Stephen Yip, CEO of Webull Pay.

“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.”

Webull Pay will be integrated with Coinbase’s custody solutions, enabling secure digital asset storage alongside access to staking and USDC functionality. Customers will be able to hold and trade crypto assets on a platform backed by the same institutional infrastructure used by global asset managers and financial institutions.

Coinbase’s CaaS platform provides technology that enables partners to integrate crypto services into their own products without having to develop internal crypto infrastructure. The platform includes APIs for trading, custody and wallet solutions, and supports regulatory compliance requirements in multiple jurisdictions.

Webull Pay plans to use the partnership to support international expansion, extending Coinbase-powered crypto services to new markets. According to both companies, further phases of the collaboration will focus on delivering Webull Pay-branded crypto experiences to global users, supported by Coinbase’s infrastructure and licensing capabilities.

Coinbase’s offering also includes USDC rewards, which are available as a loyalty feature for eligible customers. These rewards are not considered savings accounts and are not insured by the FDIC or SIPC.

Webull Pay’s crypto services under the new partnership are expected to launch in June 2025, with additional product features scheduled to follow.