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StocksBullish
7/10

Coinbase Launches Commission-Free US Equities and ETF Trading to Become an 'Everything Exchange'

Published 5 days ago
Last updated 5 days ago1 updates
1 min read

Key Facts

  • •Coinbase has officially launched stock and ETF trading for users in the United States.
  • •The platform offers over 8,000 stocks and ETFs with 24-hour trading capabilities.
  • •The company announced a new partnership with Yahoo! to support its ambitions as an 'everything exchange'.

Coinbase Global (COIN) has officially expanded its services by launching a commission-free retail equities trading platform for users in the United States. The new offering provides access to over 8,000 stocks and ETFs without trading fees, positioning the company as a low-cost alternative for retail investors. The trading schedule is set to operate 24/5, allowing for 24-hour trading five days a week to cater to market demands. This strategic move aims to transform Coinbase into an 'everything exchange,' diversifying its revenue streams beyond the volatile cryptocurrency market. To bolster this expansion, the company announced a partnership with Yahoo! to compete directly with established brokerages like Robinhood. The expansion is viewed as a bullish development that increases the company's total addressable market and reduces its vulnerability to crypto cycles.

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Version History

Version 15 days ago
What changed: The update specifies that the service is commission-free and clarifies the trading schedule as 24/5 instead of 24/7.

Instruments

COINSPYDIA
Sources:benzinga.comcoindesk.combitcoinmagazine.com