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

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
BTCUSD,
+3.26%
,
ether
ETHUSD,
-0.87%
,
litecoin
LTCUSD,
-0.52%
.
Shares of Coinbase
COIN,
+1.66%

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.