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Worksport ($WKSP) Partners with Coinbase for Enhanced Crypto Solutions and Innovative Blockchain Integration

Bitcoin, clean energy, Coinbase, Corporate Treasury, Cryptocurrency, Worksport, XRP

Worksport Ltd., a manufacturer of hybrid energy solutions, has chosen Coinbase as its preferred custodian for managing its cryptocurrency reserves, including Bitcoin and XRP. This decision supports Worksport’s Corporate Treasury Strategy aimed at diversifying its financial assets. CEO Steven Rossi emphasized the importance of partnering with a reliable crypto custodian like Coinbase, known for its regulatory compliance and security. This collaboration is expected to streamline Worksport’s entry into the cryptocurrency Market while ensuring compliance with evolving regulations. The move aligns with the company’s ongoing growth initiatives, which include increasing revenue and launching new products in 2025. Worksport aims to create long-term value for its shareholders through this strategic investment.



Following a strategic partnership with Coinbase, Worksport has officially established corporate accounts for Bitcoin (BTC) and XRP. This move signals an innovative step toward diversifying their corporate treasury.

Worksport Ltd. (NASDAQ: WKSP), located in West Seneca, New York, is at the forefront of clean energy solutions. The company announced on January 28, 2025, that it selected Coinbase as its primary custodian after in-depth evaluations of various custodians. Worksport highlighted Coinbase’s strong compliance with regulations and advanced security measures, which were pivotal in making this decision.

The initiative is part of Worksport’s Cryptocurrency Treasury Strategy, introduced in December 2024. This strategy allows them to hold a portion of their cash reserves in digital currencies. Under the guidance of its Board of Directors, Worksport aims to invest wisely, ensuring financial health and flexibility.

Steven Rossi, CEO of Worksport, expressed confidence in this collaboration, stating, “Having a top-tier crypto custodian is like having a top-tier banking partner.” This partnership with Coinbase is expected to optimize the company’s entry into the cryptocurrency realm while maintaining compliance with the dynamic regulatory environment.

Coinbase Vice President Greg Tusar praised Worksport’s decision, noting the significance of robust security and compliance solutions for modern companies navigating digital assets.

In line with these developments, Worksport continues to pursue its growth initiatives, aiming for increased revenue and a positive cash flow. The company also plans to launch three new product lines throughout 2025. By integrating cryptocurrency into their financial strategy, Worksport seeks to enhance its balance sheet and provide long-term value for shareholders.

As Worksport embraces this shift towards digital assets, the company remains dedicated to innovation in clean energy, providing sustainable solutions to meet the evolving needs of consumers.

For ongoing updates, individuals can subscribe to Worksport’s newsletter via their investor relations page.

Tags: Worksport, Coinbase, Bitcoin, XRP, Cryptocurrency Strategy, Clean Energy Solutions, Corporate Treasury.

What is Worksport doing with Coinbase?

Worksport has partnered with Coinbase to accept cryptocurrencies as a form of payment. This means customers can buy Worksport products using digital currencies like Bitcoin.

Why did Worksport choose Coinbase?

Worksport selected Coinbase because it is one of the most trusted and popular cryptocurrency exchanges. This partnership helps ensure secure and easy transactions for customers who want to pay with crypto.

Which cryptocurrencies can I use to buy Worksport products?

Customers can use various cryptocurrencies with Worksport, primarily Bitcoin, through Coinbase. This adds flexibility for those who prefer using digital currencies.

Is it safe to buy with cryptocurrency through Worksport?

Yes, buying with cryptocurrency through Worksport is safe. Coinbase provides strong security measures to protect your transactions and personal information.

Will Worksport’s partnership with Coinbase affect prices?

No, the partnership with Coinbase should not affect the prices of Worksport products. The prices will remain the same whether you pay with traditional currencies or cryptocurrencies.

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