Coinbase Launches US Stock Trading, Advancing ‘Everything Exchange’ Vision

Perpetual futures have no expiry date and typically use recurring funding payments to keep prices aligned with an underlying asset. The structure is a cornerstone of crypto derivatives trading but remains uncommon for US-listed equities, whose cash markets operate during set sessions. Coinbase’s proposed expansion into single-stock perpetuals would combine continuous trading with equity exposure, potentially testing how traditional securities rules apply to a product popularized by digital-asset markets.

Coinbase has submitted a registration request to the US Securities and Exchange Commission seeking clearance to list single-stock perpetual contracts for trading 24 hours a day, seven days a week. The plan remains subject to SEC approval, and the exchange has not provided a launch date in the reported disclosures. A green light would mark a significant step in Coinbase’s effort to extend perpetual derivatives beyond cryptocurrencies and into the regulated US equity market.

Coinbase is expanding beyond crypto into traditional securities as it pursues its “Everything Exchange” strategy, which aims to bring digital assets, equities and eventually tokenized products under one account. The UK is a key overseas market for the U.S.-listed exchange, and adding cash equities deepens its effort to connect conventional finance with onchain markets while putting it into more direct competition with retail brokerages and multi-asset trading platforms.

Beginning Aug. 6, 2026, Coinbase started progressively rolling out access for UK customers to nearly 4,000 U.S. stocks. The service offers commission-free trading 24 hours a day, five days a week, fractional shares from £1, and funding in pounds or USDC. The launch follows Coinbase’s July 7 UK investment-services authorization, which opened the door to equities and derivatives. Bitcoin traded near $65,000 as the rollout was reported.

Coinbase entered Canada as the first international crypto exchange registered in the country in April 2024. It now wants to move beyond digital-asset trading and become a broader financial-services gateway, putting it in closer competition with Robinhood and established Canadian brokerages. The strategy reflects a wider industry push to fold conventional investments and blockchain-based products into a single customer account and platform.

A July 22, 2026, report quoted Coinbase Canada CEO Eric Richmond as confirming that the company is working with local regulators to bring its “Everything Exchange” to Canada, although no firm launch date has been set. The app would combine crypto, stocks, exchange-traded funds and prediction markets. Coinbase also plans to offer non-U.S. customers tokenized stocks in July, with round-the-clock trading, instant settlement and full dividend rights. Its broader roadmap calls for nearly 10,000 stocks and ETFs on one platform.

Coinbase, whose core business has been spot cryptocurrency trading, is working to create an “everything exchange” that combines digital assets and traditional securities in a single account. The UK is a major overseas market for the company, but its CB Payments unit was fined £3,503,546 by the Financial Conduct Authority (FCA) on July 23, 2024, for serving high-risk customers. Securing broader authorization therefore carries both regulatory and commercial significance.

Coinbase announced on July 7, 2026, that it had secured FCA authorization to provide investment services under a MiFID license, marking its largest-ever product expansion in the UK. UK retail customers will be able to trade equities on Coinbase for the first time, while institutional and advanced traders will gain access to perpetual contracts linked to cryptocurrencies, equities and commodities. The company said the products would be rolled out gradually but did not provide a firm launch date.

Coinbase has long relied on cryptocurrency trading fees, leaving its revenue vulnerable to crypto market cycles, and posted a net loss of $394.1 million in the first quarter of 2026. As brokerages such as Robinhood expand into crypto, Coinbase is pursuing an “Everything Exchange” strategy that combines stocks, ETFs, derivatives and onchain assets to diversify revenue.

Coinbase unveiled 21 products and features on June 16, 2026. U.S. Coinbase One members can access Coinbase Advisor, which is registered with the SEC and NFA, while Coinbase Advanced supports about 6,000 stocks, ETFs and indexes and allows customers to transfer entire portfolios through ACATS. The company also previewed options, Pre-IPO perpetual contracts and 1:1 tokenized U.S. stocks.

Coinbase, historically focused on cryptocurrency trading, unveiled its “Everything Exchange” strategy in December 2025 and has since added prediction markets and traditional securities. Its expansion into U.S. stocks and ETFs is aimed at reducing the company's exposure to Bitcoin market cycles. By combining digital assets and equities in a single account, Coinbase is directly challenging retail brokerages such as Robinhood.

On February 24, 2026, Coinbase opened trading in about 6,000 U.S. stocks and ETFs to all eligible users nationwide, with the lineup expected to exceed 8,000 within weeks. The commission-free service operates 24 hours a day, five days a week, offers fractional shares starting at $1 and allows instant funding in U.S. dollars or USDC. Coinbase has also partnered with Yahoo Finance to enable one-click order placement, while Apex Fintech Solutions provides clearing, custody and execution services.