Coinbase Expands Services with US Stock and ETF Trading

Coinbase has taken a significant step in its efforts to become a full-service brokerage, expanding its services to include US stock and ETF trading. The move allows users to trade fractional shares starting at $1, fund trades with US dollars or USDC, and link from Yahoo Finance into Coinbase to place a trade.

The rollout of 24/5 access is seen as a bid to retain retail customers amidst declining crypto trading volumes. According to the company's latest quarterly earnings report, a slowdown in trading activity hit transaction revenue, resulting in a surprise loss.

Apex Fintech Solutions is providing the clearing, custody, and execution rails for the equities feature through Coinbase Capital Markets. The partnership aims to make investing more accessible through technology.