Coinbase Announces Launch of Crypto and Stock Options Trading, as well as Tokenized Stocks

TechFlow News, June 17: According to The Block, Coinbase announced in its latest “system update” that it will enable users to trade both cryptocurrencies and stock options—a capability built upon its acquisition of Deribit. Concurrently, Coinbase announced the launch of its first batch of 1:1 fully backed tokenized shares of U.S. publicly listed companies and plans to support “every major U.S. stock, index, and ETF.” Additionally, Coinbase will unify liquidity across its U.S. and international operations into a single global liquidity pool and has received CFTC approval to launch perpetual-style futures contracts in the U.S., further reinforcing its positioning as a “universal exchange.”