Coinbase Opens IPO Allocation Access in App, Starting With Oura Ring

This is Coinbase pushing beyond crypto into traditional capital markets plumbing, using its retail distribution as the differentiator. The significance is structural rather than about Oura specifically: IPO allocations have long been an institutional privilege, and routing them through a consumer app tests whether that gatekeeping can be bypassed at scale. The open questions are whether this expands beyond a single offering and how allocation mechanics, eligibility and any regulatory scrutiny around retail IPO access develop.