Coinbase, Samsung Alliance Deepens: Galaxy Wallet To Allow Direct Crypto Purchase

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Consumer electronics giant Samsung has broadened its partnership with cryptocurrency exchange Coinbase, enabling Galaxy smartphone users to purchase crypto directly to their wallets.

Coinbase Integrates Samsung Pay On Platform

On Friday, October 3, US-based cryptocurrency exchange Coinbase announced the expansion of its partnership with Samsung. This renewed collaboration will grant Galaxy smartphone users in the United States direct access to crypto through its Coinbase One program.

According to the exchange’s website, Coinbase One is a membership program for crypto users, offering zero trading fees, boosted staking rewards, priority support, exclusive partner deals, and account protection for lost fund restoration due to unauthorized third-party access.

Additionally, this partnership expansion includes the integration of Samsung Pay on the crypto trading platform. The announcement revealed that this will allow Samsung Galaxy smartphone users to interact with cryptocurrencies and other blockchain services.

Coinbase’s Chief Business Officer Shan Aggarwal said in a statement:

Together with Samsung, we’re pairing their global scale with Coinbase’s trusted platform to deliver the best value for people to access crypto — starting with more than 75 million of Galaxy users across the U.S., and soon around the world.

The growing partnership between Coinbase, the largest cryptocurrency exchange in the United States, and Samsung is a hallmark sign of the ongoing shift in the US crypto landscape. Following the election of President Donald Trump in November 2024, the improved regulatory clarity has afforded crypto companies the freedom to push for further expansion.

Coinbase Revenue To Improve In Q3 2025?

The improving crypto climate in the US has not particularly translated to increased revenue growth for Coinbase. According to the shareholder report released in August, the crypto exchange recorded a revenue growth of just 3% in the year’s second quarter, its lowest in recent years.

These revenue growth numbers were not only low by the company’s standards but also lagged behind industry performance. For instance, Kraken registered an 18% jump in crypto revenues, while Robinhood posted almost a 100% increase.

Investors will be looking forward to the revenue report of the recently concluded third quarter, as it is likely to impact the crypto company’s shares. Coinbase shares (with the ticker COIN) witnessed a sharp drop in value following the release of the second-quarter revenue report.

As of this writing, COIN is trading at around 380.02, reflecting an over 2% jump in the past 24 hours. According to recent market data, the stock’s value has increased by more than 53% year-to-date.

The price of COIN on the daily timeframe | Source: COIN chart on TradingView

Featured image from iStock, chart from TradingView

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