Coinbase Launches Options Trading, Tokenized Stocks, and 5% Bitcoin Rewards Card on Tuesday

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On Tuesday, Coinbase announced a series of new financial products and features aimed at expanding beyond spot crypto trading. The publicly traded exchange will launch options trading for both cryptocurrencies and traditional equities in the coming months, alongside tokenized stock trading with automatic dividend payments. CEO Brian Armstrong highlighted that Coinbase's tokenized stocks will be "real 1:1 backed" ownership on-chain, differentiating them from derivatives or IOUs offered by competitors. Additionally, the Coinbase One Card will increase Bitcoin rewards to 5% on purchases through its new travel portal, up from the typical 2-4%, while the firm will now allow users to borrow against staked Solana.
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