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Coinbase Stock Rises After Adding Google Cloud Partnership

  • Google Cloud to accept crypto payment via Coinbase under pact
  • Partnerships may boost non-trading revenue for exchange: BI
Coinbase Global Debuts Initial Public Offering At Nasdaq MarketSite
Photographer: Michael Nagle/Bloomberg
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Coinbase Global Inc. entered into a partnership with Alphabet Inc.’s Google over cloud services, its latest corporate pact after prior accords with BlackRock Inc. and Meta Platforms Inc. 

Google Cloud will enable some customers, starting with those in the web3 industry, to pay using cryptocurrencies through Coinbase, according to a statement. Google will also use Coinbase Prime for institutional crypto services, such as custody and reporting.