Webull partnered with Coinbase to expand its crypto operations, integrating Coinbase’s Crypto-as-a-Service platform starting in May 2025 and launching the enhanced crypto trading in June 2025.

CaaS for brokerages and exchanges includes institutional spot trading with multi-venue liquidity, sub-custody, yield and staking services, a broad asset range, derivatives and tokenization options in some configurations, stablecoin infrastructure (USDC), real-time settlements, fiat on/off-ramps, treasury management, and global payment rails.

The collaboration aims to accelerate time-to-market, boost trading volumes, and increase product flexibility by leveraging Coinbase’s backend to support millions of global users and geographic scaling.

A single CaaS integration unlocks multiple products, allowing partners to launch or expand crypto offerings quickly—weeks to months—while Webull retains control over UX, pricing, and client data.

Partners gain white-label or embedded wallet options, API-driven tools for spot and futures, and built-in compliance and security layers leveraging Coinbase’s regulated status.

Webull plans to expand from about 101 cryptocurrencies toward 300+ tokens as part of its growth strategy.

Coinbase CaaS is an institutional-grade backend platform (like AWS for crypto) delivering custody, trading, staking, stablecoins, and on-chain tools via APIs while letting partners preserve their branding and front-end experience.

CaaS rolled out and expanded in mid-2025, with a major unification around June 2025, serving over 200 institutions globally and emphasizing regulatory compliance, security, and scalable infrastructure.

The integration provides institutional-grade custody, advanced trading, USDC integration, staking, and broad asset support, enabling 24/7 direct crypto trading for U.S. users across more than 50 tokens, with plans to reach 300+ tokens.

Webull had previously expanded crypto offerings through a separate partnership with Coinbase Derivatives in late 2024, adding crypto futures trading for assets like DOGE, SOL, XRP, LTC, and others to diversify risk for U.S. users.