Coinbase has partnered with Samsung to provide crypto trading services to 75 million Galaxy device owners.
Galaxy users will have access to the Coinbase One service via an integration with Samsung Wallet.
Seamless Trading and Spending
This collaboration allows Galaxy users in the U.S. to enjoy the Coinbase One priority trading service through the Samsung wallet.
Sponsored
Sponsored
This integration allows users to trade crypto, access staking rewards, and utilize payment options without needing a separate app or transferring funds.
By linking Samsung Pay to Coinbase accounts, users can make payments using their crypto assets, merging crypto functionality with existing digital payment methods and IDs.
“Collaborating with Samsung, we are combining their extensive reach with Coinbase’s reliable platform to provide unparalleled value for crypto access, starting with over 75 million Galaxy users in the U.S. and eventually worldwide,” said Shan Aggarwal, Coinbase’s Chief Business Officer.
The integration utilizes Samsung’s proprietary Samsung Knox security platform, which features hardware-based encryption, tokenization, and biometric verification to safeguard sensitive crypto and payment information on devices.
U.S. Galaxy users will enjoy a complimentary 3-month subscription to the Preferred Tier of Coinbase One, offering perks like zero trading fees up to a certain limit and increased staking rewards.
Additionally, some new or re-engaging users might receive a $25 USDC credit.
The companies stated that this move marks the largest single consumer distribution Coinbase has executed to date.
While the rollout starts in the U.S., Samsung and Coinbase plan to expand this initiative internationally soon.
