Coinbase, Samsung Alliance Deepens: Galaxy Wallet To Allow Direct Crypto Purchase
Consumer electronics big Samsung has broadened its partnership with cryptocurrency exchange Coinbase, enabling Galaxy smartphone customers to buy crypto on to their wallets.
Coinbase Integrates Samsung Pay On Platform
On Friday, October 3, US-based cryptocurrency alternate Coinbase announced the growth of its partnership with Samsung. This renewed collaboration will grant Galaxy smartphone customers within the United States direct entry to crypto by means of its Coinbase One program.
According to the alternate’s web site, Coinbase One is a membership program for crypto customers, providing zero buying and selling charges, boosted staking rewards, precedence help, unique associate offers, and account safety for misplaced fund restoration resulting from unauthorized third-party entry.
Additionally, this partnership expansion contains the combination of Samsung Pay on the crypto buying and selling platform. The announcement revealed that this can enable Samsung Galaxy smartphone customers to work together with cryptocurrencies and different blockchain providers.
Coinbase’s Chief Business Officer Shan Aggarwal stated in an announcement:
Together with Samsung, we’re pairing their world scale with Coinbase’s trusted platform to ship the most effective worth for individuals to entry crypto — beginning with greater than 75 million of Galaxy customers throughout the U.S., and shortly around the globe.
The rising partnership between Coinbase, the biggest cryptocurrency alternate within the United States, and Samsung is a trademark signal of the continued shift within the US crypto panorama. Following the election of President Donald Trump in November 2024, the improved regulatory readability has afforded crypto corporations the liberty to push for additional growth.
Coinbase Revenue To Improve In Q3 2025?
The enhancing crypto climate in the US has not notably translated to elevated income progress for Coinbase. According to the shareholder report launched in August, the crypto alternate recorded a income progress of simply 3% within the yr’s second quarter, its lowest lately.
These income progress numbers weren’t solely low by the corporate’s requirements but additionally lagged behind trade efficiency. For occasion, Kraken registered an 18% soar in crypto revenues, whereas Robinhood posted nearly a 100% enhance.
Investors will probably be trying ahead to the income report of the lately concluded third quarter, as it’s prone to affect the crypto firm’s shares. Coinbase shares (with the ticker COIN) witnessed a sharp drop in value following the discharge of the second-quarter income report.
As of this writing, COIN is buying and selling at round 380.02, reflecting an over 2% soar previously 24 hours. According to current market information, the inventory’s worth has elevated by greater than 53% year-to-date.
