Coinbase launches 24/5 US stock trading for UK users with zero commissions

Coinbase has launched 24/5 trading of approximately 4,000 U.S. stocks for eligible UK users, marking its first expansion into traditional equities outside the U.S. The service offers zero-commission trading and fractional shares starting at £1, with funding available in GBP or USDC. This launch, authorized by the UK Financial Conduct Authority in July 2026, is part of Coinbase's "Everything Exchange" strategy to diversify revenue beyond volatile crypto fees following a Q2 2026 net loss of $359 million.

UK stock trading launch

• ▪Coinbase began rolling out 24/5 trading in approximately 4,000 U.S. stocks to eligible users in the United Kingdom on August 6, 2026.
• ▪Coinbase's UK stock trading launch follows a July 2026 investment services authorization from the UK Financial Conduct Authority under the Markets in Financial Instruments Directive framework.
• ▪Coinbase is the first cryptocurrency-native trading application to launch U.S. equities trading in the United Kingdom.

Everything Exchange strategy

• ▪Coinbase's UK product expansion includes a GBP savings account launched in November 2025 with ClearBank and a crypto-backed borrowing product launched in April 2026 on the Morpho protocol.
• ▪Coinbase plans to expand its user base from 14 million in 2024 to 50 million in the coming year, utilizing its MiCA license from the Luxembourg regulator to expand services across Europe.
• ▪Coinbase's UK stock trading service is part of its "Everything Exchange" strategy to build a single platform where users can manage crypto, stocks, stablecoins, savings, and borrowing.

Zero commission fractional shares

• ▪Coinbase's UK stock trading service charges zero commission fees and supports fractional investing starting at £1.
• ▪Coinbase One members receive unlimited rewards when they use USDC for transactions on the platform.
• ▪UK users can fund their Coinbase stock trades instantly using either British pounds sterling or Circle's dollar stablecoin, USDC.

24/5 trading hours

• ▪Coinbase is launching conventional U.S. shares custodied by Apex Clearing rather than tokenized equities to deliver immediate value, though it plans to offer tokenized equities in the future.
• ▪Coinbase's UK stock trading service operates 24 hours a day, five days a week, extending access beyond standard Wall Street trading sessions.

UK market competition

• ▪Coinbase UK will compete in the retail investing market with established platforms including eToro, Freetrade, Hargreaves Lansdown, and Trading 212.
• ▪Coinbase aims to increase UK retail stock market participation, citing survey data showing that UK retail investors participate in equity markets at lower rates than U.S. investors.

Revenue diversification beyond Bitcoin

• ▪Coinbase reported a net loss of $359 million for Q2 2026, with total revenue falling 14% from the previous quarter to $1.22 billion, missing Wall Street forecasts of $1.29 billion.
• ▪Coinbase disclosed in its Q2 2026 earnings call that Bitcoin-related transactions fell to approximately 12% of total company revenue, down from historically representing more than half.
• ▪Coinbase's expansion into traditional equities aims to diversify its revenue beyond cryptocurrency transaction fees, which experience high volatility tied to market conditions.