Coinbase has expanded its services, now allowing eligible US users to trade stocks and ETFs alongside cryptocurrencies in a single account. This significant update facilitates trading on thousands of equities five days a week, at any time, with zero commission fees via Coinbase Capital Markets.
How does this enhance trading opportunities for users? The introduction of stock trading enables users to fund their trades using USD or USDC and even purchase fractional shares starting at just one dollar. This flexibility is particularly appealing for those looking to diversify their investment portfolio without needing a large capital outlay.
In partnership with Yahoo Finance, Coinbase has streamlined the process of discovering and executing trades. This integration allows users to research assets on Yahoo Finance and then execute trades on Coinbase with a single click. Additionally, Yahoo Finance will provide real-time data from Coinbase and offer a one-month trial of Coinbase One Basic to eligible users.
Coinbase emphasizes that this rollout integrates traditional markets with digital assets, aligning with its vision of the Everything Exchange. The company aims to expand its stock trading options to more equities shortly and is exploring the potential of tokenized stocks. This innovation could allow for on-chain collateralization and instant payments backed by equity holdings.
Currently, stock trading on Coinbase is limited to US residents through its brokerage accounts, and the platform supports both market and limit orders for US stocks and ETFs. Fractional trading is available for selected assets during regular market hours.
What are the future plans for stock trading at Coinbase? The company intends to broaden its offerings beyond the United States by expanding stock perpetuals. This move is targeted at providing capital-efficient exposure to US equities in selected jurisdictions globally.