To participate, Coinbase said, customers select an offering through the IPO page in Coinbase’s app, fund their accounts
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An order does not guarantee an allocation, however.
Key facts
- Coinbase said it chose Oura because the high-profile IPO coincided with Coinbase Capital Markets receiving regulatory approval to participate in IPOs
- We’re focused on growing the Everything Exchange for our customers,” a Coinbase spokesperson told Decrypt
- In a disclaimer, Coinbase emphasized that its securities business is separate from the digital-asset services offered by Coinbase Inc
- Coinbase is making a bigger play for retail investors by adding IPO share allocations to its expanding lineup of traditional investments
Summary
Coinbase is opening IPO allocations to eligible U.S. retail customers through its app. Smart-ring maker Oura will be the first company offered through the service. Customers who quickly sell allocated shares could lose access to subsequent offerings. Coinbase is making a bigger play for retail investors by adding IPO share allocations to its expanding lineup of traditional investments. According to a Monday announcement, eligible U.S. customers can request Oura shares at the IPO price through the Coinbase app before public trading begins this week.