Webull Goes All-In on Crypto—Partners with Coinbase for Custody, Trading & Staking

Retail trading platform Webull just handed Coinbase the keys to its crypto kingdom—outsourcing custody, execution, and even staking to the exchange giant.

Why it matters: Another traditional finance player waves the white flag on building in-house crypto infrastructure. The ’not your keys, not your coins’ crowd just got louder.

Between the lines: Webull gets instant credibility by piggybacking on Coinbase’s regulatory compliance. Meanwhile, Coinbase quietly expands its B2B empire while retail traders keep chasing memecoins.

The kicker: Nothing says ’mature market’ like brokers treating crypto like any other asset class—complete with the same custodial middlemen they’d never tolerate for equities. But hey, at least the staking yields beat your bank’s 0.01% APY.

Custody, trading, and staking

Coinbase’s CaaS platform provides Webull Pay with tools that power custody, trading, and staking while leveraging USDC support. 

Brett Tejpaul, Head of Coinbase Institutional, emphasized that the partnership is built on infrastructure trusted by major financial institutions and designed to scale with the maturing crypto market.

“We’re excited to partner with Coinbase to bring new features, expanded product offerings, and a wider range of coins to trade,” said Stephen Yip, CEO of Webull Pay. “Together, we’re building the future of digital asset trading.”

Users do not need to take any action, and their assets will remain accessible through the Webull Pay app. USD balances will continue to be held by Webull Pay LLC. 

Users who do not agree with the update can withdraw their assets and close their accounts at any time. Webull Pay and Coinbase also plan to explore opportunities for international expansion of their crypto offerings.