Coinbase is expanding its US retail offering by allowing eligible customers to request shares in selected initial public offerings before public trading begins.

London's trading industry is coming home!

The move comes as crypto platforms expand into traditional markets. Kraken’s parent Payward has moved to give retail investors access to selected US IPOs, while Coinbase has expanded into US stock trading for UK users and received FCA approval to offer stocks and derivatives.

Coinbase Launches IPO Access with Oura

The service will start with Oura’s IPO this week. Customers can request shares at the offer price through a new IPO section in the Coinbase app once the expected price range becomes available.

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Customers must fund their accounts before submitting a “Conditional Offer to Buy”. Allocations depend on available shares and total demand, so requests can be filled fully, partially or not at all. Shares will become tradable on Coinbase once public-market trading begins.

Now you can participate in IPOs on Coinbase

We’re giving US retail customers more access to primary financial markets.

This is the next step toward building the Everything Exchange, a trusted platform to trade any asset at any stage of its lifecycle. pic.twitter.com/uNXRWIdjwk

— Coinbase 🛡️ (@coinbase) September 21, 2026

Coinbase said its allocation system considers investors’ holding behaviour. Customers who sell IPO shares within the first 30 days may be barred from participating in IPOs for the following 60 days. Repeated early selling can also result in smaller allocations.

Coinbase Uses Broker Dealer for IPO Access

The service is provided through Coinbase Capital Markets, a FINRA-registered broker-dealer. CCM will participate in IPOs as a best-efforts selling-group member, aggregate customer orders and route them through Apex Clearing Clearing Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Read this Term Corporation.

Coinbase said CCM acts as an agent and does not underwrite deals, hold inventory or take the opposite side of customer trades.