Coinbase Shares Jump 5% on US Stock Trading Launch for UK Users

Coinbase's shares surged by over 5% after the company launched its 24/7 US stock trading service for UK-based users, offering access to nearly 4,000 equities with zero commissions and fractional investing.

The platform allows clients to trade stocks, crypto, and fiat from a single app, with their stock holdings managed by Apex Clearing and protected up to $500,000 through SIPC insurance.

The move is part of Coinbase's 'Everything Exchange' initiative, aimed at expanding its product offerings and providing a more comprehensive trading experience for clients.