Best known as a cryptocurrency trading platform, Coinbase Global (NASDAQ:COIN) is ramping up its goal of being an everything exchange. Stock and ETF trading is now live for Coinbase users in the U.S. alongside a new partnership with Yahoo! Finance that makes adding equities to a crypto portfolio even easier.
Coinbase Stock Trading Goes Live
On Tuesday, Coinbase stock and ETF trading officially kicked off, adding to the company’s recent product expansions like prediction markets.
The company’s stocks and ETFs are available to buy, sell, and manage for U.S. customers. Trading is live 24 hours a day, five days a week.
Coinbase said that over 8,000 stocks and ETFs are available at launch. Some of the stocks and ETFs are available to buy as fractional shares starting as low as $1 with instant funding via USD or USDC (CRYPTO: USDC).
The zero-commission trading can be done within the Coinbase app and with an existing account, creating a “unified portfolio” of equities and cryptocurrencies.
The company said that this launch is a “major step” in connecting traditional markets with the digital asset economy.
“The traditional financial system shouldn’t stop just …