Coinbase Launches Zero-Fee PYUSD Conversions with PayPal; Files for XRP Futures

US-based crypto exchange Coinbase has formed a partnership with PayPal to support the use of PayPal’s stablecoin, PYUSD. The collaboration is aimed at increasing the adoption of stablecoins in digital payments.Meanwhile, Coinbase has submitted a filing to the Commodity Futures Trading Commission (CFTC) seeking approval to launch futures contracts for the XRP token. According to the filing, the proposed product is a monthly, cash-settled, and margined contract, traded under the symbol XRL.Coinbase and PayPal Expand PYUSD Access"For years, we've worked with Coinbase to enable a best-in-class integration to provide a simple, familiar way for PayPal users to fund crypto purchases on Coinbase. Our objectives aligned further as we deployed PYUSD in combination with our payments expertise enabling greater commerce applications," said Alex Chriss, President and CEO, PayPal. As part of the initiative, Coinbase will allow users to convert between US dollars and PYUSD without paying any fees. This offer applies to both retail and institutional customers. The company plans to use its infrastructure to support PYUSD for PayPal’s largest merchant partners.You may find it interesting at FinanceMagnates.com: Coinbase Gains FIU Approval for Indian Market Re-entry: SEC Drops Lawsuit.Let's do this, @PayPal.We're teaming up to advance stablecoin payments. pic.twitter.com/OwLjresMqX— Coinbase

Apr 24, 2025 - 14:51

Coinbase Launches Zero-Fee PYUSD Conversions with PayPal; Files for XRP Futures

US-based crypto exchange Coinbase has formed a partnership with PayPal to support the use of PayPal’s stablecoin, PYUSD. The collaboration is aimed at increasing the adoption of stablecoins in digital payments.

Meanwhile, Coinbase has submitted a filing to the Commodity Futures Trading Commission (CFTC) seeking approval to launch futures contracts for the XRP token. According to the filing, the proposed product is a monthly, cash-settled, and margined contract, traded under the symbol XRL.

Coinbase and PayPal Expand PYUSD Access

"For years, we've worked with Coinbase to enable a best-in-class integration to provide a simple, familiar way for PayPal users to fund crypto purchases on Coinbase. Our objectives aligned further as we deployed PYUSD in combination with our payments expertise enabling greater commerce applications," said Alex Chriss, President and CEO, PayPal.

As part of the initiative, Coinbase will allow users to convert between US dollars and PYUSD without paying any fees. This offer applies to both retail and institutional customers. The company plans to use its infrastructure to support PYUSD for PayPal’s largest merchant partners.

You may find it interesting at FinanceMagnates.com: Coinbase Gains FIU Approval for Indian Market Re-entry: SEC Drops Lawsuit.

Let's do this, @PayPal.We're teaming up to advance stablecoin payments. pic.twitter.com/OwLjresMqX— Coinbase