Webull Pay Enhances Crypto Services with Coinbase Partnership
Webull Pay is revamping its crypto platform by teaming up with Coinbase. This collaboration will transfer Webull Pay’s custody, trading, and crypto infrastructure to Coinbase’s Crypto-as-a-Service. The change replaces bakkt, the previous custodian.
By partnering with Coinbase, Webull Pay users will enjoy more benefits.They will have access to a broader selection of cryptocurrencies. Trading fees will be lower,and new services like staking and stablecoin options will be available. These improvements are set to launch in June 2025.
Customers will gain from Coinbase’s robust infrastructure. The new setup will not disrupt user access.
Stephen Yip, CEO of Webull Pay, expressed enthusiasm about the partnership. “This collaboration will expand our crypto offerings and introduce new features,” he said. Users can expect staking and stablecoin integration, enhancing their trading experience.
Brett Tejpaul, Head of Coinbase Institutional, highlighted the partnership’s strength. “Our infrastructure is trusted by major financial institutions and is ready to grow with the crypto market,” he noted.
For those who disagree with the changes, they can withdraw their assets and close their accounts. Webull Pay and Coinbase are also considering expanding their crypto services globally.
Learn more about Coinbase’s CaaS platform here.
