The crypto exchange is deepening its push into traditional finance by enabling ACATS stock transfers and expanding trading products beyond digital assets.
Coinbase is allowing users to transfer existing stock portfolios onto its platform, marking another step in the company’s push beyond cryptocurrency trading and toward becoming a full-service financial platform.
On Tuesday, Coinbase unveiled expanded stock and exchange-traded fund (ETF) trading through Coinbase Advanced, its platform for active traders, allowing US users to transfer existing portfolios from other brokerages directly onto the exchange. The update builds on the stock and ETF trading service Coinbase launched earlier this year, which initially provided access to roughly 6,000 securities.
The company is also offering zero-commission trading, TradingView charting tools, fractional shares and up to 3.5% rewards on eligible USDC (USDC) balances.
