Webull Pay is upgrading its crypto platform by partnering with Coinbase, shifting its custody, trading, and crypto infrastructure to the exchange’s Crypto-as-a-Service offering.
Webull Pay is integrating crypto services from Coinbase, marking a significant upgrade to its platform.
The partnership will see Coinbase’s cryptocurrency trading, custody, and infrastructure technology underpin Webull Pay’s crypto offerings. This follows a previous partnership with Bakkt for custody services.
Coinbase will provide its Crypto-as-a-Service offering, designed for seamless integration and trusted by major financial institutions.
The collaboration grants Webull Pay customers access to a broader range of tradable cryptocurrencies and tighter trading spreads. It will also enable the introduction of new services like staking and seamless integration with stablecoins, features expected to launch in June 2025.
"We’re excited to partner with Coinbase to bring new features, expanded product offerings, and a wider range of coins to trade," said Stephen Yip, CEO of Webull Pay. "Together, we’re building the future of digital asset trading."
The partnership also paves the way for exploring opportunities to expand their crypto offerings internationally.
As part of the transition, users do not need to take any action, and their assets will remain accessible through the Webull Pay app. USD balances will continue to be held by Webull Pay LLC.
Users may also choose to withdraw their assets and close their accounts if they prefer not to continue using the updated app.
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