- Coinbase will enable U.S. users to trade traditional stocks alongside digital assets through its platform.
- The exchange is introducing access to prediction markets powered by Kalshi and supporting perpetual futures trading.
- Customers can now trade Solana-based decentralized exchange assets directly within the Coinbase mobile app.
- Coinbase plans to offer tokenized stock trading and institutional-grade asset tokenization in the near future.
- A new AI-powered wealth management advisor and stablecoin creation services are part of the platform’s expanded offerings.
On Wednesday, Coinbase announced that it is broadening its platform offerings to include trading of traditional stocks for U.S. customers. This update follows a livestream event where the company introduced enhancements across more than a dozen products, including decentralized finance (DeFi) services on Solana and a system for creating digital representations of real-world assets.
The commission-free brokerage will support thousands of stocks and exchange-traded funds (ETFs) that trade during regular market hours. Plans for perpetual futures linked to non-U.S. stocks are set for next year. The stock trading introduction aims to pave the way for tokenized stocks, with Coinbase intending to launch tokenized stock trading compatible with Circle’s USDC stablecoin in the upcoming quarter, according to interview remarks by Coinbase Head of Trading Scott Shapiro. He explained that tokenization will enable users to “wrap and unwrap” traditional shares while keeping the underlying stocks securely custodied.
Coinbase is also incorporating prediction markets powered by Kalshi, similar to competitors like Robinhood, with plans to add further prediction market platforms. The company will expand perpetual futures offerings, which allow indefinite leveraged positions on digital assets, following the July introduction of Bitcoin and Ethereum perpetual futures.
The platform now supports trading any asset available on a Solana-based decentralized exchange within the Coinbase mobile app. This builds on previous support for tokens on the Ethereum layer-2 network, Base. Coinbase stated that millions of assets on Base and Solana are accessible by default, with future expansions planned.
In addition, the company’s Base app—a rebranded self-custody wallet—is now available in 140 countries. The updated platform also features an AI-powered advisor designed to assist customers in portfolio management and news analysis.
Finally, Coinbase will offer a service that enables companies to create custom stablecoins, allowing brands to be prominently featured in transactions. This service aligns with the x402 internet standard for stablecoin payments, which can facilitate AI agent payments.
According to market data, Coinbase shares traded around $244 on Wednesday. Despite a near 2% decline year-to-date, the company continues to develop its vision for expanded financial services.
Analysts from Compass Point estimate that prediction markets could generate $230 million annually for the company, while Mizuho analysts caution that many users may sell crypto assets to fund prediction market wagers.
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