Coinbase partners with Yahoo Finance as it opens stock trading to all US users
Summary
Coinbase has expanded its stock trading service, initially launched in December to a limited group, to all users across the United States, now offering thousands of tradable assets.
As part of this expansion, Coinbase has partnered with Yahoo Finance, which will integrate a "Trade [asset] on Coinbase" button on its stock and crypto pages to reach a wider audience. This move positions Coinbase in greater competition with fintech firms like Robinhood as it pursues its goal of becoming an "everything exchange."
The new equities offering allows commission-free trading 24/5 for eligible stocks, supporting funding via USD or USDC, with fractional shares available starting at $1. Coinbase also plans to introduce tokenized stocks and expand stock perpetual products internationally, subject to regulatory approval.
(Source:The Block)