Coinbase Allows U.S. Retail Investors to Purchase IPO Shares
Major cryptocurrency exchange Coinbase is expanding its services by allowing eligible U.S. retail investors to request allocations for initial public offerings (IPOs) directly through the Coinbase app. The feature, offered via Coinbase Capital Markets—a FINRA-registered broker-dealer—enables customers to submit requests at the offering price before a stock begins trading publicly. The new functionality is part of Coinbase's broader strategy to evolve into an 'Everything Exchange,' providing access to various financial assets from one platform. Allocations are not guaranteed and depend on underwriter supply and customer demand, with orders cancellable while offerings remain open. The exchange also plans to prioritize investors who hold IPO shares for longer periods. This move aligns with Coinbase's recent partnerships aimed at expanding its services beyond crypto trading, including a collaboration earlier this month with payments infrastructure provider Moov.
Tickers: $COIN
Topics: Coinbase crypto exchange IPO retail investors