Mentioned:
Coinbase is one of the most dominant players in crypto in America. And they’re getting into stocks and ETFs next.
What’s happening:
- Coinbase (NASDAQ: COIN) has officially launched stock trading on their exchange
Why it matters:
- This is the first time ever that Coinbase has enabled users in the United States to be able to purchase stocks and ETFs
Going deeper:
- Coinbase users can directly buy stocks and ETFs within the Coinbase platform through cash deposits or swapping USDC
- Coinbase has also publicly stated they plan to roll out perpetual futures for stocks and ETFs imminently which would give users 24/7 exposure to stock prices
The intrigue:
- All stock and ETF trading on Coinbase’s platform is commission free
