Coinbase introduces ‘everything exchange’ for prediction markets
The company is expanding its app beyond cryptocurrencies, starting in the US with plans for a global rollout.
Key points:
– The expansion will begin in the US, with a gradual international rollout based on regulatory approvals
– New offerings include tokenized real-world assets, equities, derivatives and early-stage token sales
– The move follows the SEC’s “Project Crypto” and mirrors similar steps taken by Robinhood, Gemini and Kraken
Coinbase announced its plans to expand its flagship trading app, transforming it into an “everything exchange” that goes beyond cryptocurrencies.
The new platform will offer access to tokenised real-world assets, equities, derivatives, prediction markets and early-stage token sales. The rollout will begin in the US over the coming months, with international expansion to follow gradually, pending regulatory approvals in each jurisdiction.
Max Branzburg, VP of Product at Coinbase, said: “We’re building an exchange for everything. Everything you want to trade, in a one-stop shop, on-chain. We’re bringing all assets onchain: stocks, prediction markets and more. We’re building the foundations for a faster, more accessible, more global economy.”
In doing so, Coinbase follows in the footsteps of Robinhood, Gemini, and Kraken, all of which have recently made similar moves by tokenizing equities.
Regarding prediction markets, Polymarket has recently acquired a CFTC-licensed exchange for $112m to re-enter the US market with regulated prediction markets. This move further validates the growing institutional interest in tokenised and on-chain financial products.
Good to know: Two weeks ago, Coinbase launched the “Base App,” intended to become an equivalent of a WeChat-style app
With this move, competition in the space continues to diversify. CEO Brian Armstrong has stated that his long-term goal is to make Coinbase the leading financial services app within the next decade.
Coinbase’s announcement followed closely on the heels of the Securities and Exchange Commission’s launch of “Project Crypto,” a program aimed at modernising securities regulations to better accommodate crypto trading activities.
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