Coinbase Expands Platform with Full Stock and ETF Trading Access Across United States
US-based customers can now access commission-free trading for thousands of stocks and ETFs directly on the crypto exchange, featuring around-the-clock availability and immediate deposit processing.
The cryptocurrency exchange Coinbase has made stock and exchange-traded fund trading capabilities available to its entire US customer base, enabling users to purchase and sell traditional equities in addition to digital currencies through a unified application interface with round-the-clock access five days per week. This comprehensive launch features zero-commission trading, the ability to purchase partial shares, and immediate account funding using either USD or USDC stablecoin.
A company announcement released on Tuesday revealed that thousands of individual stocks can be traded around the clock, five days each week, with roughly 6,000 different securities presently accessible on the platform and additional offerings planned for introduction over the upcoming weeks.
The company stated its intention to launch stock perpetual futures products for international customers operating outside the United States via Coinbase Bermuda Ltd., pending receipt of necessary regulatory clearances, and indicated plans to provide tokenized equity products at a future date.
The announcement made today follows Coinbase's recent expansion of its prediction markets platform to every state across the United States last month via a collaborative arrangement with Kalshi, providing users the ability to trade contracts linked to actual events spanning sports competitions, political developments and cultural phenomena.
Coinbase's chief executive officer Brian Armstrong shared the announcement today via his X social media account, stating "The everything exchange is growing."
Tokenized equities gain traction from crypto platforms to Wall Street
Blockchain-based representations of conventional stock shares, known as tokenized equities, have become a significant focal point within the cryptocurrency sector throughout the previous year.
During June, over 60 tokenized stock offerings were made accessible across cryptocurrency trading platforms Kraken and Bybit, in addition to decentralized finance platforms operating on the Solana blockchain. This deployment, spearheaded by Backed Finance utilizing its xStocks offering, provided users with blockchain-enabled access to shares of prominent corporations such as Apple, Amazon, Tesla, Nvidia, Meta, Coinbase and Robinhood.
During October, the financial technology company Robinhood broadened its tokenization initiative on the Arbitrum blockchain network, incorporating 80 additional stock tokens and elevating its aggregate count to 493 tokenized investment instruments.
Although cryptocurrency-focused and financial technology platforms have pioneered recent deployments, enthusiasm for tokenized equity products has now spread to several of the planet's most prominent stock exchanges.
During September, Nasdaq submitted documentation to the US Securities and Exchange Commission (SEC) requesting authorization to offer tokenized equity listings, and during November, the exchange's director of digital assets strategy, Matt Savarese, informed CNBC that obtaining SEC authorization to list blockchain-based versions of exchange-traded stocks represents a primary objective for the organization.
During January, the New York Stock Exchange alongside its controlling entity, Intercontinental Exchange, revealed initiatives to create a trading platform dedicated to tokenized stocks and ETFs. The envisioned system would enable continuous 24/7 trading and immediate transaction settlement through integration of NYSE's Pillar order matching technology with blockchain-powered post-transaction infrastructure.
Additionally today, Coinbase revealed a collaborative partnership with Yahoo Finance designed to allow users to transition seamlessly from conducting research on an investment asset through Yahoo Finance to completing a transaction on Coinbase using a single click. Yahoo Finance will integrate live data feeds from Coinbase for asset discovery purposes and portfolio monitoring.
The cryptocurrency exchange based in the United States announced that members of Coinbase One can receive rewards on USDC stablecoin holdings utilized for trading activities, and users of Yahoo Finance will receive access to a complimentary one-month trial subscription to Coinbase One Basic as an element of the collaborative partnership arrangement.