Coinbase Opens IPO Share Subscriptions to U.S. Retail Investors, Expanding Beyond Crypto Into Traditional Finance
Summary
- Coinbase said it has launched an IPO share subscription service for U.S. retail investors, expanding its business beyond crypto and into traditional financial markets.
- Coinbase said it is strengthening its “Everything Exchange” strategy through the Oura IPO, its partnership with Apex, and securities products offered via Coinbase Capital Markets.
- Coinbase said it is expanding further into traditional financial products through pre-IPO perpetual futures, trading in stocks, options and ETFs, and its push to list stock-based perpetual futures.
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Coinbase is expanding beyond digital assets into traditional financial markets by launching an IPO share subscription service for U.S. retail investors.
The Block reported on September 21 that Coinbase will start with Oura’s IPO, scheduled for this week. Eligible U.S. retail customers will be able to apply for share allocations through the company’s app.
Investors can request a desired number of shares at the IPO offering price before trading begins. Actual allocations may be filled in whole or in part depending on demand, and investors may receive no shares.
Coinbase said the feature marks another step in expanding its “Everything Exchange.” U.S. customers can now access investment opportunities in high-profile companies before they begin trading on public markets.
The service will be offered as a securities product through Coinbase Capital Markets. Apex will handle order execution, clearing and custody.
In June, Coinbase launched “pre-IPO perpetual futures,” starting with SpaceX, for eligible users outside the U.S. The product is a derivative that gives investors exposure to price moves in private companies rather than direct ownership of their shares.
Coinbase is also broadening its lineup of traditional financial products, including stocks and options. The company plans to expand its business so U.S. customers can transfer existing stock portfolios to Coinbase and trade major stocks, indexes and exchange-traded funds.
Earlier in September, Coinbase filed registration documents with the U.S. Securities and Exchange Commission to pursue a listing of stock-based perpetual futures.
