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Today, Google Cloud and Coinbase have announced a new, long-term strategic partnership to better serve the growing Web3 ecosystem and its developers.

The collaboration will involve Coinbase selecting Google Cloud as a strategic cloud provider to build an advanced exchange and data services. Coinbase will use Google Cloud’s powerful compute platform to process blockchain data at scale, and enhance the global reach of its crypto services by leveraging Google’s premium fiber-optic network. Coinbase will also build its global data platform on Google Cloud’s secure infrastructure and leverage their leading data and analytics technologies to provide Coinbase customers with machine learning-driven crypto insights.

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As part of the partnership, Google Cloud is positioned to enable select customers, starting with those in the Web3 ecosystem, to pay for its cloud services via select cryptocurrencies. Powered by Coinbase Commerce—which enables merchants globally to accept cryptocurrency payments in a decentralized way—the new payments experience will benefit Google Cloud’s customers and partners by increasing the optionality of payments for Google Cloud services.

Through this partnership, Web3 developers can also access Google’s BigQuery crypto public datasets, which will be powered by Coinbase Cloud Nodes, across leading blockchains. The integration will allow developers to instantly and reliably operate Web3-based systems without the need for expensive and complex infrastructure.

“We are excited Google Cloud has selected Coinbase to help bring Web3 to a new set of users and provide powerful solutions to developers,” said Brian Armstrong, Co-founder, and CEO of Coinbase. “With more than 100 million verified users and 14,500 institutional clients, Coinbase has spent more than a decade building industry-leading products on top of blockchain technology. We could not ask for a better partner to help execute our vision of building a trusted bridge into the Web3 ecosystem.”

“We want to make building in Web3 faster and easier, and this partnership with Coinbase helps developers get one step closer to that goal,” said Thomas Kurian, CEO of Google Cloud. “We’re proud Coinbase has chosen Google Cloud as its strategic cloud partner, and we’re ready to serve the thriving global Web3 customer and partner ecosystem. Our focus is making it frictionless for all customers to take advantage of our scalability, reliability, security, and data services, so they can focus on innovation in the Web3 space.”

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In addition, Google will use Coinbase Prime, for institutional crypto services, like secure custody and reporting.

Web3 is the next generation of the internet that will allow people to own digital property within an open, decentralized environment. Over the next few years, we believe every company and developer will be building on Web3 — to the point where Web3 will become synonymous with the internet itself.

There are four parts to this partnership:

First, Google Cloud will be positioned to enable select customers, starting with those in the Web3 ecosystem, to pay for its cloud services via select cryptocurrencies through Coinbase Commerce. Coinbase Commerce is a platform that helps merchants anywhere in the world accept cryptocurrency payments. Merchants can get paid in crypto, and access powerful tools for crypto integration and business analysis. We currently support a full spectrum of merchants with Coinbase Commerce from companies like Alo Yoga to Anheuser Busch and WeWork.

Second, web3 developers will have access to Google Cloud’s blockchain data through BigQuery- and this offering will be powered by Coinbase Cloud’s Node service. The integration will allow developers to instantly and reliably operate Web3-based systems without the need for expensive and complex infrastructure.

Third, Google will use Coinbase Prime for institutional crypto services, like secure custody and reporting. Coinbase Prime is an integrated solution that provides secure custody and an advanced trading platform for institutional investors and corporates. We have over 14,500 institutional clients, including some of the largest traditional financial firms, and are thrilled to add another exceptional client to our roster.

Finally, Coinbase selected Google Cloud as a strategic cloud provider to build an advanced exchange and data services. Coinbase will use Google Cloud’s powerful compute platform to process blockchain data at scale, and enhance the global reach of its crypto services by leveraging Google’s premium fiber-optic network. Coinbase will also build its global data platform on Google Cloud’s secure infrastructure and leverage its leading data and analytics technologies to provide Coinbase customers with machine learning-driven crypto insights.

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Shirleen
Shirleen is a tech writer with over 3 years of experience in the industry. She has a passion for writing about complex technical topics in a way that is easy to understand. She is also an expert in SEO. She is a highly skilled and experienced tech writer who is passionate about her work. She is also a great team player and is always willing to go the extra mile to get the job done.

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