Coinbase Plans Major Product Rollout Featuring Prediction Markets, Tokenized Stocks

Coinbase plans to roll out prediction markets and tokenized equities, moving into two of the fastest-growing corners of digital finance as it prepares a product showcase next week.

Bloomberg reported Friday that the the US-based exchange will announce the new offerings at an event on Dec. 17, a source told the outlet, adding that Coinbase intends to issue tokenized stocks in-house rather than through external partners.

Executives at Coinbase have previously signalled interest in both businesses, but until now the company had not formally laid out a launch timeline.

Traders Anticipate New Tools After Images Reveal Coinbase’s Expanding Roadmap

In recent weeks, screenshots that appear to show prediction market and tokenized equity features inside Coinbase apps have circulated on X, fuelling speculation among traders.

A Coinbase spokesperson said the company would reveal its upcoming products during a livestream on Dec. 17 and encouraged viewers to watch the event for full details.

The push fits with Coinbase’s ambition to become an “everything app” for digital assets, where customers can trade crypto, tokenized versions of traditional securities and, increasingly, event-based markets. It also helps the company keep pace with rivals that are adding similar tools as competition intensifies.

Trading In Digital Stock Representations Surges As Adoption Spreads

Robinhood Markets this year began offering prediction products from Kalshi Inc, giving its users a way to bet on economic and political outcomes. Robinhood and crypto exchange Kraken already list tokenized US stocks and exchange-traded funds in some jurisdictions, although these products remain unavailable in the US itself.

Trading in tokenized equities, which are digital representations of stocks recorded on a blockchain, has been gaining traction. Monthly transfer volumes have risen about 32% in the past 30 days to roughly $1.45B, according to data provider rwa.xyz, as more platforms experiment with bringing traditional assets on chain.

Demand For Event Contracts Climbs As Exchanges Embrace Prediction Tools

Prediction markets, which allow users to wager on the outcomes of events such as elections, sports and macro data releases, have also grown quickly over the past year. They have attracted interest from both traditional exchanges and crypto native firms that see them as a new way to monetize information and order flow.

Gemini, the exchange founded by Tyler and Cameron Winklevoss, recently secured a key approval from the US Commodity Futures Trading Commission to launch its prediction platform, Gemini Titan, for American customers. The licence will allow it to offer event contracts structured as simple yes or no questions.

Crypto.com has struck deals with partners including Trump Media & Technology Group to help them build prediction markets, while Robinhood and trading firm Susquehanna have agreed to buy 90% of regulated venue LedgerX, a move that deepens their exposure to event driven crypto derivatives.

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