Coinbase Adds Stock Portfolio Transfers as It Expands Beyond Crypto
Coinbase is making it easier for US customers to fold traditional markets into the same account they use for crypto. On Tuesday, the company said it now lets users transfer existing stock and ETF portfolios from other brokerages into Coinbase Advanced, its platform aimed at activ...
➤ Coinbase is enhancing its Coinbase Advanced platform by allowing US customers to transfer existing stock and ETF portfolios directly, reducing friction and potential tax events. ➤ This move signifies Coinbase's strategic expansion beyond crypto into a multi-asset financial platform, aiming to compete with traditional brokerages and fintech apps. ➤ The expansion into traditional assets and derivatives is driven by a need to diversify revenue streams and reduce dependence on volatile crypto market cycles.
