World Crypto Global
- Written by: Jared Kirui
- Fri, 16 May 2025
- Israel
Webull Pay partnered with Coinbase in a deal that enablesWebull Pays crypto services to run on Coinbases institutional-gradeinfrastructure. The agreement aims to offer staking, stablecoin rewards, andmore trading options starting next month.Institutional Infrastructure Meets Retail AmbitionAccording to the announcement, Coinbase will provideits Crypto-as-a-Service (CaaS) platform to support Webull Pays crypto operations.The agreement also covers trading execution, custody, staking capabilities, andaccess to USDC, Coinbases dollar-backed stablecoin. Were excited to partner with Coinbase to bring newfeatures, expanded product offerings, and a wider range of coins to trade onWebull Pay, commented Stephen Yip, Webull Pay CEO. This collaboration unlockspowerful capabilities that will accelerate innovation on our platform, givingcustomers greater access, flexibility, and opportunity in the evolving cryptolandscape, he added. Together, were building the future of digital asset trading.$BULL $COINCoinbase Partners with Webull Pay to Power Crypto ExperienceBlog Oracle (@OracleNYSE) May 16, 2025For Webull Pay, the move delivers a critical backendupgrade using infrastructure already used by major financial institutions. Thecompanies now aim to offer a secure, seamless user experience, which is expected to allow WebullPay to scale with the evolving crypto market.The platform expects the new offering to enable usersto gain access to deep liquidity, tight spreads, and the potential for yieldthrough staking and USDC rewards.Global Expansion on the HorizonBeyond the domestic rollout, Coinbase and Webull Payare also exploring joint efforts to extend their services globally. Thatwould bring Webull Pay-branded crypto offerings to new markets, riding onCoinbases existing global infrastructure and compliance frameworks.The deal reportedly includes access to Coinbases USDC rewardsprogram. Users who hold USDC through Webull Pay will automatically be enrolledin the loyalty scheme unless they opt out. However, disclaimers clarify that these reward-bearingaccounts are not FDIC- or SIPC-insured and are not savings accounts. Rates canvary and are subject to change.Meanwhile, Coinbase plans to join the S&P 500 index this month. The index tracks the largest 500 publicly listed companies in the US across various sectors. The crypto exchange will reportedly be listed under the financials sector, replacing Discover Financial Services, which is being acquired by Capital One.This article was written by Jared Kirui at www.financemagnates.com.
