Ah, the thrilling world of cryptocurrencies, where dreams are made… and crushed. Well, now Webull Pay has decided to dance with the big players, and guess who’s their partner? Coinbase! Yes, the same Coinbase that’s been a cornerstone of the crypto universe. Starting June 2025, Webull Pay will rely on Coinbase’s mighty Crypto-as-a-Service (CaaS) platform to provide trading, custody, and staking services. Oh, what a time to be alive!
The Backend Crypto Magic: Courtesy of Coinbase
So, in a plot twist that’s as predictable as a summer rain, Webull Pay will now have access to Coinbase’s prestigious infrastructure—think custody solutions, trading systems so advanced they might just confuse your grandma, and support for the almighty USDC stablecoin. Oh, and let’s not forget the cherry on top: staking! Now Webull Pay users can get in on the crypto action without breaking a sweat. Sounds too good to be true, doesn’t it?
Coinbase’s blog post proudly declares that its technology is already used by major financial institutions (because apparently, your mom’s not the only one trusting Coinbase). But here’s the kicker: the terms of the deal? Oh, they’re a mystery for now. Stephen Yip, CEO of Webull Pay, beamed with excitement, saying the collaboration will ‘broaden the platform’s crypto offerings.’ Translation: more features, more options, more ways for you to lose your money in the crypto abyss!
“This collaboration unlocks powerful capabilities that will accelerate innovation on our platform, giving customers greater access, flexibility, and opportunity in the evolving crypto landscape,” said Yip. We assume he’s talking about the ‘landscape’ where everyone is trying to predict the next moonshot, right?
Oh, and let’s not forget the technical stuff! This integration will lean on Coinbase’s liquidity pools and security protocols, built to handle the kinds of transaction volumes that would make your average bank blush. But wait—Webull Pay didn’t specify which cryptocurrencies are going to join the party. Will it be just USDC? Or will we see some fancy altcoins? Stay tuned, folks—this could get interesting!
And now, for the cherry on top of this crypto sundae: both companies are pondering global expansion. That’s right, Webull Pay-branded crypto services may soon be available worldwide, though, no promises on when that’ll happen. It’s like waiting for the next big iPhone release… you know it’s coming, but the exact date? Who knows?
This all happens in the context of growing demand for regulated crypto services—because, you know, people like things they can trust. Webull Pay, which launched in 2023, is already riding high with over 20 million users. Meanwhile, Coinbase continues to reign supreme as the largest U.S.-based crypto exchange. But who’s counting? It’s all part of the crypto game—where the stakes are high, and the rules are… let’s just say, evolving.
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2025-05-17 00:57