A crypto trading app is joining forces with the top US-based crypto exchange by volume to power its digital asset services.
In a new company blog post, Coinbase says that mobile trading app Webull chose it to power its trading services using Coinbase’s Crypto-as-a-Service (CAAS) platform.
Says Coinbase,
“As Webull Pay’s partner for trading, custody, staking, and [the stablecoin] USDC, Coinbase will provide Webull Pay access to tight spreads, deep liquidity, secure infrastructure, and crypto products with the potential to earn income – all using the same technology trusted by many of the world’s largest financial institutions and asset managers.”
Coinbase’s CAAS platform is a suite of tools that allows businesses to add crypto financial features to their existing systems without building them from the ground up. According to the crypto exchange, its infrastructure will bolster Webull’s security, compliance, and general usability.
As stated by Steven Yip, Webull’s chief executive, in the press release,
“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.
This collaboration unlocks powerful capabilities that will accelerate innovation on our platform, giving customers greater access, flexibility, and opportunity in the evolving crypto landscape. Together, we’re building the future of digital asset trading.”
Both services are slated to launch in June 2025.
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