Coinbase Teams Up With Webull Pay to Power Crypto Services

• Coinbase partners with Webull Pay to deliver a seamless crypto experience with staking, trading, and USDC rewards integration.
• Despite security and legal setbacks, Coinbase continues expanding globally through strategic deals and bold infrastructure moves.

Coinbase has partnered with Webull Pay in a strategic partnership to deliver a more unified and complete crypto experience. Essentially, Webull Pay will leverage Coinbase’s Crypto-as-a-Service infrastructure. The collaboration is set to officially launch in June 2025, and will bring services like digital asset trading, custody, staking, and USDC stablecoin rewards under one roof.

Imagine if crypto transactions on your favorite apps were as easy as online shopping—that’s more or less what this partnership is trying to achieve. On the other hand, Webull Pay will also get access to deep liquidity and top-notch security from Coinbase, which is known for having a pretty robust storage system.

But not only that, users can also earn returns through staking and USDC rewards. However, they also warn: this is not a savings account, so don’t expect protection from the FDIC or SIPC.

Coinbase is partnering with Webull Pay to power trading, custody, staking, and USDC rewards through our Crypto-as-a-Service platform.

This move brings @Coinbase’s advanced trading, staking access, and institutional-grade custody to WeBull Pay users. ↓

— Coinbase Institutional (@CoinbaseInsto) May 16, 2025

Furthermore, both have plans for global expansion. Webull Pay will bring its new service to various international regions, of course with their own branding. So if you’ve only known Coinbase in the US market, chances are you’ll find the “Coinbase feel” in other apps in the future.

Coinbase’s Rough Patch Behind Its Fintech Rally

However, not all news from Coinbase is as bright as this new partnership. On May 15, 2025, the company revealed that it had fallen victim to a cyberattack. What’s horrifying is that the attack occurred through bribery of their foreign contractors—not a bug, not a technical loophole. Personal data from less than 1% of monthly active users was leaked: from names, emails, to government ID photos.

Fortunately, passwords and private keys are safe. But still, the cost of compensation and repairs could reach $180 million to $400 million. Coinbase even refused a $20 million ransom demand and is now working with authorities to pursue the perpetrators.

Besides that, Coinbase is under investigation by the SEC. The focus? Allegedly providing misleading data related to the “verified user” metric, which was once claimed to have reached more than 100 million users. The company stopped reporting the figures two years ago, but it seems that the regulator is not ready to let the case go.

Despite being hit by cyber attacks and regulatory investigations, Coinbase’s stock is showing the opposite. This weekend, its stock price shot up to $263, with a market capitalization of $62 billion. It seems that investors see these things as challenges that can be overcome.

Moreover, the fintech market atmosphere is also hot, driven by eToro’s hugely successful IPO which managed to raise more than $600 million.

And wait, there’s one more: Coinbase is preparing to acquire Deribit, a crypto derivatives trading platform from Dubai, with a transaction value of up to $2.9 billion, according to CNF. This move could expand their influence in the derivatives sector, and certainly strengthen their global position.