Morning Minute: Coinbase Wants to Be the Everything Exchange

Summary

Coinbase has unveiled a comprehensive suite of new products, signaling a strategic shift to become an “everything exchange” that combines traditional finance, crypto-native tools, and onchain infrastructure on a single platform. New offerings include stock trading, prediction markets, advanced financial management tools, and crypto-as-a-service, aiming to position Coinbase as a top global financial services app. This expansion aligns Coinbase with the emerging “everything app” trend, putting it in competition with brokerages, fintech apps, DeFi platforms, banks, and prediction market operators. Features such as a borrow option for BTC and ETH holders, the Base app, and tokenized stock and equity perpetual trading highlight the company’s ambition to support a wide array of financial assets and services. Coinbase aims to be the primary marketplace for trading a variety of assets, not just cryptocurrencies.