Coinbase has expanded its business beyond digital assets by opening stock trading to all U.S. users. The nationwide rollout follows a limited launch in December and signals a broader push into traditional markets.
Significantly, the company has also formed a partnership with Yahoo Finance to increase visibility among retail investors. Consequently, Coinbase now competes more directly with established fintech platforms that already offer both crypto and equities.
The exchange began testing stock trading earlier this winter after showcasing the product during its December system update event. However, the new rollout removes prior access limits and unlocks thousands of securities.
Users across the United States can now trade more than 8,000 stocks and exchange-traded funds. Additionally, they can fund trades with U.S. dollars or the USDC stablecoin. Fractional shares allow investors to begin with as little as one dollar.
Coinbase offers commission-free trading for eligible stocks during market days, with extended hours running 24 hours a day, five days a week. However, certain transaction types may still carry fees.
Besides equities, the company plans to introduce tokenized stocks in the coming months. Executives also aim to launch stock perpetual products outside the United States through Coinbase Bermuda, pending regulatory approval.
Yahoo Finance Integration Targets Retail Investors
The partnership with Yahoo Finance introduces a direct trading link from asset pages to Coinbase. A new button will guide users from stock and crypto listings to execute trades on Coinbase’s platform. Consequently, the integration connects Coinbase to Yahoo Finance’s reported 150 million monthly global visitors.
Yahoo Finance users will also receive a one-month trial of Coinbase One Basic. The membership includes zero trading fees and USDC rewards. Additionally, the collaboration reflects growing demand for platforms that combine digital and traditional assets in one place.
Yahoo Finance has recently expanded into crypto content, prediction markets, and digital asset data hubs. Hence, the Coinbase agreement aligns with that broader strategy.
Revenue Pressure Spurs Diversification
The equities expansion arrives as Coinbase works to diversify revenue streams. Earlier this month, the company reported fourth-quarter revenue of $1.8 billion. That figure marked a five percent decline from the previous quarter.
Transaction revenue fell to $983 million, while subscription and services revenue reached $727 million. Moreover, the company posted a net loss of $667 million after reporting a prior quarterly profit.
By adding stocks and ETFs, Coinbase seeks to reduce reliance on crypto trading cycles. Additionally, the company has partnered with Apex Fintech Solutions for clearing, custody, and execution services.
Source: https://coinpaper.com/14882/coinbase-expands-into-stocks-with-yahoo-finance-partnership
