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June 10, 2021, 8:30 a.m. EDT

Coinbase stock rises premarket Thursday as digital-asset exchange seen teaming up with small 401(k) provider to offer crypto

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By Mark Decambre

A small 401(k) provider, ForUsAll Inc., has teamed up with Coinbase Global to offer crypto to workers in plans it administers. According to a report from the Wall Street Journal , participants in the plan will be able to invest up to 5% of their 401(k) contributions in cryptocurrencies that include bitcoin /zigman2/quotes/31322028/realtime BTCUSD +11.61% , ether /zigman2/quotes/108573964/realtime ETHUSD +8.69% , litecoin /zigman2/quotes/108573968/realtime LTCUSD +10.56% . Shares of Coinbase /zigman2/quotes/225893452/composite COIN +9.45% were up 1.4% before the bell on Thursday. Many major firms, including Fidelity Investments and Charles Schwab Corp. don't allow customers to trade crypto in taxable retirment accounts, the report notes.

/zigman2/quotes/31322028/realtime
US : CoinDesk
38,484.15
+4,003 +11.61%
Volume: 0.00
July 26, 2021 10:20a
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/zigman2/quotes/108573964/realtime
US : Kraken
2,345.11
+187.45 +8.69%
Volume: 147.02M
July 26, 2021 10:20a
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/zigman2/quotes/108573968/realtime
US : Kraken
137.87
+13.17 +10.56%
Volume: 7.79M
July 26, 2021 10:19a
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/zigman2/quotes/225893452/composite
US : U.S.: Nasdaq
$ 246.17
+21.25 +9.45%
Volume: 2.39M
July 26, 2021 10:20a
P/E Ratio
84.24
Dividend Yield
N/A
Market Cap
$47.30 billion
Rev. per Employee
$1.02M
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