Coinbase to Launch Prediction Markets and Tokenized Stocks on December 17
- Coinbase will unveil its tokenized stocks and prediction markets during a livestream event on December 17.
- The new products are developed in-house, distinguishing Coinbase from competitors that utilize external partners.
- Monthly transfer volumes of blockchain-linked stocks have increased by 32%, reaching $1.45 billion.
- Gemini recently received CFTC approval to operate a regulated prediction market, joining others in the growing sector.
- Crypto.com has partnered with Trump Media & Technology Group to launch new prediction market services.
The upcoming launch aligns with Coinbase’s strategy to expand its offerings amid rising investor interest in DeFi products like prediction markets and tokenized equities, which are gaining traction across the industry.
With monthly transfer volumes of blockchain-linked stocks surging by 32%, the introduction of these features could significantly impact trading dynamics in the crypto space. (Source)
