Webull Pay Taps Coinbase Infrastructure for Crypto Rewards and Staking Services

Webull Pay partnered with Coinbase in a deal that enables Webull Pay’s crypto services to run on Coinbase’s institutional-grade infrastructure. The agreement aims to offer staking, stablecoin rewards, and more trading options starting next month.

Institutional Infrastructure Meets Retail Ambition

According to the announcement, Coinbase will provide its Crypto-as-a-Service (CaaS) platform to support Webull Pay’s crypto operations. The agreement also covers trading execution, custody, staking capabilities, and access to USDC, Coinbase’s dollar-backed stablecoin.

“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,” commented Stephen Yip, Webull Pay CEO.

“This collaboration unlocks powerful capabilities that will accelerate innovation on our platform, giving customers greater access, flexibility, and opportunity in the evolving crypto landscape,” he added. “Together, we’re building the future of digital asset trading.”

$BULL $COINCoinbase Partners with Webull Pay to Power Crypto ExperienceBlog

For Webull Pay, the move delivers a critical backend upgrade using infrastructure already used by major financial institutions. The companies now aim to offer a secure, seamless user experience, which is expected to allow Webull Pay to scale with the evolving crypto market.

The platform expects the new offering to enable users to gain access to deep liquidity, tight spreads, and the potential for yield through staking and USDC rewards.

Global Expansion on the Horizon

Beyond the domestic rollout, Coinbase and Webull Pay are also exploring joint efforts to extend their services globally. That would bring Webull Pay-branded crypto offerings to new markets, riding on Coinbase’s existing global infrastructure and compliance frameworks.

The deal reportedly includes access to Coinbase’s USDC rewards program. Users who hold USDC through Webull Pay will automatically be enrolled in the loyalty scheme unless they opt out.

However, disclaimers clarify that these reward-bearing accounts are not FDIC- or SIPC-insured and are not savings accounts. Rates can vary 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.