Coinbase Gives US Retail Traders Access to IPOs
Coinbase said it is expanding access to primary financial markets by bringing initial public offering (IPO) allocations to retail traders in the U.S. Starting with Oura’s IPO this week, eligible customers can request shares at the offer price before the beginning of open-market trading, the digital assets platform announced in a Monday (Sept. 21) blog […] The post Coinbase Gives US Retail Traders…
Coinbase revealed plans to provide U.S. retail traders with initial public offering (IPO) allocations, allowing them to acquire shares at the offering price before the commencement of the open market. The digital assets platform highlighted this feature as part of its ongoing effort to broaden the Everything Exchange, granting U.S. customers early access to promising companies prior to their public listing.
To request an allocation, traders must navigate to the dedicated IPOs page within the Coinbase app, fund their account, and submit a Conditional Offer to Buy once the price range is disclosed. Allocation is determined by an established methodology, with a focus on long-term investors. Violation of the 30-day holding period could result in a 60-day ban on IPO participation.
In related news, Coinbase collaborated with payments platform Moov to introduce stablecoin capabilities to community banks, enabling real-time funding and settlement within existing banking systems. This partnership aims to empower banks to offer digital asset services directly, while Coinbase CEO Brian Armstrong emphasized stablecoin payments as a significant revenue driver, projecting a tenfold increase in the $300 billion stablecoin market by the decade's end.
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