Samsung Expands Crypto Reach, Partners with Coinbase for Galaxy Users
Samsung has expanded its partnership with cryptocurrency exchange Coinbase, integrating Samsung Pay with Coinbase's platform. This move allows over 75 million Galaxy users in the US to interact with cryptocurrencies and blockchain services, with global expansion planned. Meanwhile, Coinbase's shares, trading at around 380.02, have seen a 2% increase in the past 24 hours and a significant 53% rise year-to-date.
The integration brings Coinbase One, a membership program, to Galaxy smartphone users. This service provides priority trading and other benefits. The improved US crypto landscape, following regulatory clarity, has facilitated this partnership expansion. However, Coinbase's revenue growth in the second quarter of 2025 slowed to 3%, its lowest in recent years, following a sharp drop in COIN shares after the revenue report release. Galaxy users in the US can now purchase crypto directly to their wallets through Coinbase.
Samsung's partnership with Coinbase aims to provide value to a vast user base, initially in the US, with global expansion planned. Despite recent revenue growth slowdown, Coinbase's shares have shown resilience, with a significant year-to-date increase. The integration of Samsung Pay with Coinbase's platform signals a growing interest in cryptocurrencies among tech giants.
