Coinbase has opened stock and exchange-traded fund (ETF) trading to all US users. Customers can now buy and sell stocks commission-free 24 hours a day, 5 days a week through the same app alongside cryptocurrencies. Fractional shares and instant funding options with USD or USDC are offered.
Details of Coinbase Stock Trading Announcement
According to the company’s announcement on Tuesday, thousands of stocks are available, supporting approximately 6,000 securities. This number will be expanded in the coming weeks. Coinbase plans stock perpetual futures and tokenized stocks for non-US users via Coinbase Bermuda, subject to regulatory approval. This move turns the platform into a full ‘everything exchange’.
New Features and Integrations for US Users
The announcement follows last month’s expansion of prediction markets to all 50 US states with Kalshi. The company also announced integration with Yahoo Finance; users will be able to trade on Coinbase with one click from research. Coinbase One members will earn rewards from their USDC balances. This integration optimizes the user experience by combining traditional finance with crypto.
CEO Brian Armstrong: ‘The Everything Exchange’ Is Growing
CEO Brian Armstrong posted on X: ‘The everything exchange is growing.’ This statement reflects Coinbase’s vision as a multi-asset platform for crypto, stocks, ETFs, and futures.
Tokenized Stocks Trend and SOL Ecosystem
The tokenized stocks trend is gaining momentum with institutions like Kraken, Bybit, Solana-based DeFi platforms, Robinhood (493 assets on Arbitrum), Nasdaq, and NYSE. Solana’s high-speed blockchain stands out in tokenized asset trading. This development could increase SOL demand, as examined in our detailed SOL analysis pages. Similarly, Arbitrum (ARB) integrations are strengthening with Robinhood.
SOL Price and Technical Analysis: Support and Resistance Levels
Following the Coinbase announcement, SOL price is at 78.95 USD, with 24h change +0.15%. RSI 33.68 (oversold), trend downtrend, Supertrend bearish, EMA 20: 87.4993. Below is the current levels table:
| Level | Price | Score | Distance | Sources |
|---|---|---|---|---|
| S1 (Strong) | 76.7309 | 78/100 ⭐ | -2.80% | BB Lower, Fibo 0.114, S1 |
| S2 | 67.5000 | 59/100 | -14.49% | Fibo 0.000, Donchian Lower, Keltner |
| R1 (Strong) | 84.8694 | 72/100 ⭐ | +7.51% | ATR Upper, Fibo 0.214, POC, Ichimoku |
| R2 (Strong) | 108.1200 | 64/100 ⭐ | +36.96% | Fibo 0.500 |
Expert opinion: S1 strong support, RSI may give recovery signal. Check SOL futures for futures trading. Similar bearish signals are observed for ARB.
Impacts of Coinbase Expansion for SOL Investors
This expansion could increase liquidity for SOL-based DeFi tokenized assets. While short-term volatility is expected, long-term integrations will strengthen the ecosystem alongside ARB detailed analysis. (Total ~450 words)
Source: https://en.coinotag.com/coinbase-opens-stock-etf-trading-in-the-us-sol-impact
