Elena Nikulina

Coinbase details SIPC protection status and limits on fractional shares

Coinbase details SIPC protection status and limits on fractional shares
Coinbase clarifies securities and SIPC coverage

Coinbase announced that securities are offered through Coinbase Capital Markets Corporation, a member of FINRA and SIPC, while digital asset services are provided by Coinbase Inc. The broker also clarified that digital assets are not covered by SIPC protection and that fractional shares are available only for eligible stocks, subject to certain limitations.

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Coinbase clarified that securities are offered through Coinbase Capital Markets Corporation, which is a member of FINRA and SIPC. Digital asset services are provided by Coinbase Inc., and it was specified that digital assets are not covered by SIPC protection. The broker also stated that fractional shares are only available for eligible stocks, with additional limitations applicable. No further details on eligibility criteria or specific limitations were provided in the announcement.

Coinbase is a cryptocurrency exchange that serves over 43 million users worldwide, supporting trading in a broad selection of digital assets including Bitcoin, Ethereum, Litecoin, Ripple, BitcoinCash, and more. The platform provides both web and mobile access, offline asset storage, a free e-wallet and virtual card, as well as analytical tools and unique educational programs that allow users to earn while learning. For further details, visit the broker profile on Traders Union: full review on Traders Union.

For additional background, the previous Coinbase update on Traders Union discussed recent changes to the broker's loan offering terms and highlighted jurisdictional availability, eligibility criteria, and associated risks. You can learn more in the previous Coinbase update on Traders Union.

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