Coinbase just dropped IPO allocations for US retail users directly in-app. First up: Oura IPO this week.
This isn't just a feature add. It's a signal. Coinbase is morphing into a full-spectrum exchange—crypto, stocks, IPOs, everything.
The "Everything Exchange" thesis is playing out in real time. They're not competing with Binance anymore. They're coming for Robinhood, Fidelity, and the entire TradFi onboarding stack.
Question is: how aggressive do they get? Do they go full neobank? Forex? Commodities?
Watching closely. This could redefine what an exchange even means in 5 years.
This isn't just a feature add. It's a signal. Coinbase is morphing into a full-spectrum exchange—crypto, stocks, IPOs, everything.
The "Everything Exchange" thesis is playing out in real time. They're not competing with Binance anymore. They're coming for Robinhood, Fidelity, and the entire TradFi onboarding stack.
Question is: how aggressive do they get? Do they go full neobank? Forex? Commodities?
Watching closely. This could redefine what an exchange even means in 5 years.
