Coinbase Gears Up to Launch Tokenized Stock Trading and Options

Coinbase is pushing its agenda to become a one-stop shop for finance, expanding beyond traditional spot crypto trading. The exchange announced new products and features on Tuesday, including options trading for crypto and stocks, set to launch in the coming months.

The firm will also introduce tokenized stock trading with automatic dividend payments. This means users can hold actual chunks of companies' shares on-chain, a feature Coinbase CEO Brian Armstrong highlighted as 'real 1:1 backed tokenized stocks you can trust.'

Coinbase One Card is getting a boost too, offering 5% in Bitcoin rewards on purchases made through its new travel portal. The card will now be accessible with USDC backing, expanding its potential user base.