Coinbase Sees Breakthrough in Canada as Webull Partnership Unlocks New Revenue Streams
Coinbase has expanded its partnership with Webull to provide crypto trading and custody services in Canada, giving the company direct platform revenue and increased exposure in the Canadian fintech market.
The deal enables Webull's 25 million users to access spot trading, custody, and staking through Coinbase's Crypto-as-a-Service platform, replacing previous infrastructure and capturing transactional and platform-based revenues.
Despite this positive development, technical indicators point to mixed momentum. COIN/USD is currently trading above its MA-20 and MA-50 but remains below the MA-200 level, with mixed momentum signals from ADX, MACD, RSI, CCI, Stoch RSI, and Bull/Bear Power.
The price action is expected to remain range-bound within a volatility band of $173.22 to $192.91 over the next several sessions. A break above $192.91 could lead to additional gains, while a drop below $173.22 would open the door for further downside.