Crypto: Coinbase Opens Stock And Etf Trading To All Us Users In Multi-asset...
The exchange now allows US customers to trade thousands of stocks and ETFs commission-free alongside crypto, with 24/5 access and instant funding.
Coinbase has opened stock and exchange-traded fund trading to all US users, allowing customers to buy and sell equities alongside crypto within the same app on a 24/5 basis. The rollout includes commission-free trading, fractional shares, and instant funding with USD or USDC.
According to a company post on Tuesday, thousands of stocks are available to trade 24 hours a day, five days a week, with approximately 6,000 securities currently supported and plans to expand that number in the coming weeks.
Coinbase said it aims to introduce stock perpetual futures for non-US users through Coinbase Bermuda Ltd., subject to regulatory approval, and said it intends to offer tokenized equities in the future.
Today’s announcement comes on the heels of Coinbase expanding its prediction markets offering to all 50 US states last month through a partnership with Kalshi, allowing users to trade contracts tied to real-world events across sports, politics and culture.
Brian Armstrong, CEO of Coinbase, posted the news today on X, writing “The everything exchange is growing."
Related: WisdomTree gets SEC approval for round-the-clock trading of tokenized MMF
Tokenized equities, blockchain-based representations of traditional shares, have emerged as a major theme in crypto over the past year.
In June, more than 60 tokenized stocks became available on crypto exchanges Kraken and Bybit, as well as on Solana-based DeFi platforms. The rollout, led by Backed Finance through its xStocks product, gave users blockchain-based exposure to major companies including Apple, Amazon, Tesla, Nvidia, Meta, Coinbase and Robinhood.
In October, fintech Robinhood expanded its own tokenization program on the Arbitrum blockchain, adding 80 new stock tokens and bringing its total to 493 tokenized assets.
Source: CoinTelegraph
