Coinbase Adds ACATS Stock Transfers in Push Beyond Crypto

Coinbase Adds ACATS Stock Transfers in Push Beyond Crypto — Cointelegraph.com News
Source: Cointelegraph.com News

Coinbase is allowing users to transfer existing stock portfolios onto its platform, marking another step in the company’s push beyond cryptocurrency trading toward a full-service financial platform. The firm expanded stock and ETF trading through Coinbase Advanced, letting US users move portfolios from other brokerages directly onto the exchange.

The update builds on a service launched earlier this year that initially provided access to roughly 6,000 securities, and it includes zero-commission trading, TradingView charting tools, fractional shares and up to 3.5% rewards on eligible USDC balances. A Coinbase spokesperson said users will be able to physically transfer their holdings to the platform through the Automated Customer Account Transfer Service (ACATS), which enables securities and cash to move between brokerages without being sold.

United States

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