Coinbase announced that eligible US retail customers can now request IPO allocations through its app, with the service provided by Coinbase Capital Markets, its FINRA-registered broker-dealer. Oura is the first IPO available on the platform, allowing users to submit a Conditional Offer to Buy at the IPO offer price before public trading begins. Coinbase has implemented mechanisms to discourage immediate flipping, including a 30-day holding incentive: users who sell allocated shares within this period risk being locked out of IPO participation for 60 days. This offering is part of Coinbase’s strategy to expand beyond crypto trading into territory traditionally occupied by retail brokerages.
Source: Read the original article
