New York, Feb 26, 2026, 09:42 EST — Regular session
- Shares steady early Thursday after a sharp jump in the prior session
- Coinbase opens U.S. stock and ETF trading to all users, linking with Yahoo Finance
- Traders watch early uptake and Friday’s U.S. producer-price data
Coinbase Global (COIN.O) was little changed in early New York trade on Thursday, hovering near $184 a day after it jumped more than 13% as the crypto exchange broadened into U.S. stock and exchange-traded fund trading. The stock was up about 0.04% at $184.02. (Investing)
The rollout is a new bid to keep retail customers on Coinbase’s app as crypto trading volumes swing with token prices. Earlier this month, Coinbase posted a surprise quarterly loss after a slowdown in trading activity hit transaction revenue. (Reuters)
It also drags Coinbase into a closer fight with Robinhood, which built its franchise on stock trading and then pushed into crypto and other products. Chief executive Brian Armstrong has described an ambition to become an “everything exchange.” (Barron’s)
Coinbase said on Tuesday that stock and ETF trading is now open to all U.S. users, with 24/5 access — trading around the clock on weekdays — and zero commission on eligible trades. The company said customers can trade fractional shares starting at $1, fund trades with U.S. dollars or USDC, a dollar-pegged stablecoin, and link from Yahoo Finance into Coinbase to place a trade from a quote screen. (Coinbase)
Apex Fintech Solutions is providing the clearing, custody and execution rails for the equities feature through Coinbase Capital Markets, a Business Wire release showed. Coinbase markets executive Liz Martin called the launch a “major milestone,” while Apex CEO Bill Capuzzi said the partnership is meant to make investing more accessible through technology. (Business Wire)
The stock closed up 13.55% on Wednesday at $183.94, according to market data, after investors bought into the diversification pitch. (Businessinsider)
Crypto prices were firmer on Thursday, a tailwind for stocks tied to digital-asset trading. Bitcoin rose about 2.3% to $67,909, while ether gained 4.7% to around $2,064.
The backdrop has been choppy risk appetite after Nvidia’s results, with crypto and crypto-linked stocks not always moving in tandem. Nexo analyst Iliya Kalchev said bitcoin may have set a “local price bottom,” while cautioning that volatility can return fast. (Barron’s)
Coinbase has also flagged plans to expand 24/5 trading to more stocks and to broaden “stock perpetuals” this spring for traders outside the United States. Perpetuals, often called “perps,” are derivatives that track a price without an expiry date, and the company has said it also plans to offer tokenized stocks later on. (Investing)
Still, the path from crypto exchange to full-service brokerage is not smooth. Equity trading is a low-fee business, extended-hours markets can be thin, and regulators will have a say on how far Coinbase can go with tokenized shares and offshore derivatives.
Traders will be watching for early signs of uptake — especially whether stock orders lift overall activity after the initial rally. The next near-term macro test is Friday’s U.S. producer price index report for January, due at 8:30 a.m. ET. (Bls)
