Coinbase stock gains as NFT marketplace beta opens to public

Cryptocurrency exchange Coinbase (NASDAQ:COIN) shares are climbing nearly 6% in Wednesday afternoon trading as it rolled out the beta version of its non-fungible token marketplace to everyone, according to a blog post. Beta testers can now create a Coinbase (COIN) NFT profile to buy and sell NFTs on the Ethereum (ETH-USD) blockchain using any self-custody wallet. In an effort to gain traction to the marketplace, there won't be any Coinbase (COIN) transaction fees for a limited time, the company said. It will eventually add fees, though the timing was not disclosed. In addition, Coinbase (COIN) said it's planning to add a variety of features to the marketplace over the coming weeks, including drops, minting, token-gated communities and the option to buy NFTs with a Coinbase account or a credit card. The move comes after the company announced the launch of the marketplace in Oct. 2021. In January, Coinbase partnered with Mastercard to enable