Coinbase will launch prediction markets and an in-house tokenized stock trading system. The company expects to make a formal announcement during a livestream event on December 17.
This initiative broadens Coinbase’s services beyond traditional crypto trading. It marks the company’s entry into two rapidly expanding segments of the digital asset industry.
The expansion coincides with a significant uptick in the tokenized equities sector. This sector has seen transfer volumes grow to $1.45 billion. The move follows months of speculation, coming as competitors, including Gemini, Robinhood, and Crypto.com, are also making inroads into prediction markets. Coinbase has not officially confirmed specific features but encourages users to tune into the upcoming event for official details.