Coinbase (COIN), a U.S.-listed cryptocurrency exchange, is introducing stock trading and prediction markets, among other new products and assets, in an effort to cement the platform’s position as the “Everything Exchange,” the company announced during its System Update stream on Wednesday.
Coinbase said that it is drastically increasing the assets accessible for trading on its platform, including innovative cryptocurrencies, perpetual futures, equities, and prediction markets, beginning with Kalshi and adding more integrations later.
The digital asset exchange announced Wednesday that it will launch a slew of new products aimed at transforming Coinbase into a one-stop financial app, including expansion into stocks, more advanced trading, and prediction markets, as well as a refocus on its on-chain ecosystem and new tools for businesses, developers, and automated financial guidance.
While several of these items have been rumoured for months, Coinbase claims they are finally built and ready to launch.
Armstrong Targets One App For All Financial Assets
CEO Brian Armstrong wants to make his platform the destination to exchange everything.
This includes stocks, a streamlined futures and perpetuals experience, and prediction markets via Kalshi, as well as a tokenisation roadmap aiming at eventually bringing more traditional assets, like as equities, on-chain.
Beginning Wednesday, US users will be able to trade stocks and ETFs alongside cryptocurrency via the Coinbase app 24 hours a day, five days a week, according to Max Branzburg, the company’s head of consumer products.
“The best part is that you only need one account, so you can trade stocks and a huge selection of crypto all in one place,” Branzburg pointed out. “One portfolio view, one wallet, one transaction history.”
A blog post accompanying Wednesday’s event stated that extended-hours trading was only allowed for “eligible symbols,” which could experience “reduced liquidity and wider spreads.”
Next year, the business will also launch Coinbase Tokenise, a platform for tokenising stocks and other real-world assets.
Coinbase’s emphasis was not solely on expanding outside cryptocurrency. The exchange also disclosed its aims to expand cryptocurrency trading.
Jupiter, a Solana-based decentralised exchange aggregator, will be available for trading within the Coinbase app in the coming weeks.
It is the company’s first expansion of in-app DEX trading, which it first introduced in June. Initially, decentralised exchanges could only be used in-app on Base, Coinbase’s layer 2 blockchain.
Integrating decentralised exchanges significantly increases the quantity of cryptocurrency assets available for trading on Coinbase.
