Coinbase Launches IPO Access for US Traders as Part of its 'Complete Global Financial Platform'
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Coinbase Global Inc (NASDAQ: COIN ) opened IPO allocations to eligible U.S. retail customers Monday, starting with Oura's debut this week, as shares jumped 4.73% on the news. • Coinbase Global shares are powering higher. Why are COIN shares rallying? Coinbase announced in a Monday blog post that customers can request shares at the IPO offer price directly through the app before public trading begins. Users navigate to the IPOs page, fund their account and submit a Conditional Offer to Buy once the price range goes public. Final allocations depend on underwriter supply and total demand, meaning orders may fill in full, partially, or not at all. The exchange also built in a long-term incentive structure. Selling IPO shares within the first 30 days can result in a 60-day ban from future IPO participation, with repeat sellers getting smaller and less frequent allocations going forward compared to investors who hold longer. Coinbase Institutional co-CEO Brett Tejpaul said the launch expands how customers interact with assets across their entire lifecycle without leaving the Coinbase app. "We are building toward a complete global financial platform, and expanding our IPO offerings brings us one step closer," Tejpaul said. The Block reported Monday that Coinbase Capital Markets, a FINRA-registered broker-dealer, acts purely as an agent routing orders through clearing partner Apex...
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