Coinbase Expands Services with Stock Trading and Prediction Markets
- Coinbase has launched stock trading, allowing users to trade stocks and ETFs globally, as announced by Max Branzburg.
- The stock trading feature is part of Coinbase’s strategy to create an “everything app,” enabling continuous trading.
- In partnership with Kalshi, Coinbase has also introduced prediction markets, set to roll out in the U.S.
- Coinbase plans to offer perpetuals early next year, allowing leveraged bets on crypto and stocks.
- The initiative follows a rebranding effort in July, transforming its wallet app into a comprehensive platform featuring various services.
This expansion marks a significant shift for Coinbase as it diversifies beyond digital assets into traditional financial markets. The introduction of stock trading and prediction markets aims to enhance user engagement through innovative offerings.
With the launch of stock trading on Coinbase, users can now engage in global trading activities powered by crypto technology.(Source)
