According to an insider, Coinbase Global (COIN.US) is set to announce the launch of prediction markets and tokenized stocks next week—two of the hottest products in the financial market. The largest U.S. cryptocurrency exchange is expected to publicly unveil these offerings during a showcase event on December 17. Sources indicate that the tokenized stocks will be introduced internally rather than through third-party partnerships.
While Coinbase executives have previously expressed interest in expanding into these areas, no official announcement has been made. Screenshots hinting at these features have circulated on social media platform X for weeks. A company spokesperson declined to comment on specific plans but stated, "Tune in to our live stream on December 17 to learn about Coinbase’s new product launches."
These initiatives are part of Coinbase’s broader strategy to become a "super app," providing traders with access to a wide range of assets and markets while keeping pace with competitors diversifying their offerings. For instance, Robinhood Markets introduced prediction market products from Kalshi Inc. earlier this year. Both Robinhood and crypto exchange Kraken also offer tokenized U.S. stocks and ETFs, though these are currently limited to non-U.S. markets.
Data from tracker rwa.xyz shows growing activity in tokenized stocks—digital equities linked to blockchain—with monthly transfer volume rising 32% over the past 30 days to $1.45 billion. Prediction markets, which allow users to bet on outcomes like sports events and elections, have surged in popularity over the past year, attracting interest from both traditional financial exchanges and crypto platforms.
This week, crypto exchange Gemini secured regulatory approval to launch prediction markets, while Crypto.com partnered with companies like Trump Media & Technology Group Corp. to facilitate such offerings.
Coinbase’s new product rollout comes as the crypto market remains volatile following a sharp sell-off in October. Despite this, the company’s stock has gained 8.3% year-to-date.
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