Coinbase Unveils Prediction Markets, Stock Trading and Solana DeFi Integration
Coinbase is expanding its platform to allow U.S. users to trade traditional stocks and ETFs commission-free, alongside its current crypto offerings. The company plans to add thousands of equities and introduce perpetual futures on stocks for non-U.S. markets. Coinbase also aims to enable tokenized stock trading, allowing assets to be moved across blockchains while maintaining traditional custody, though this depends on regulatory guidance. New features include an end-to-end platform for creating digital representations of real-world assets, integrated Solana DeFi trading in its app, expanded prediction market services, and support for custom branded stablecoins. The Base wallet app, with social and gaming features, is now available in 140 countries. An AI-powered wealth advisor has also been introduced. Analysts estimate significant revenue potential from prediction markets, but note users may liquidate crypto to participate. Coinbase shares were trading at around $244, down nearly 2% for the year.
