- Coinbase is preparing to unveil new features, including a prediction market and stock trading, on December 17.
- Leaked screenshots suggest the prediction market will be integrated with Kalshi, a leading prediction market platform.
- There are indications that Coinbase could also offer trading of common stocks and ETFs through its app.
- Kalshi selected Coinbase Custody recently to secure its USDC stablecoins, signaling deeper collaboration.
- Prediction markets allow users to wager on outcomes of real-world events, with platforms like Kalshi and Polymarket generating billions in trading volume.
Coinbase has announced it will disclose “exciting product announcements” during a livestream on December 17. The announcements are expected to introduce a new phase for the crypto exchange. This follows leaked screenshots that show development of a prediction market and stock trading functions on the platform.
The leaked images, posted by tech consultant Jane Manchun Wong, reveal a prediction market feature built through an integration with Kalshi. Kalshi ranks as the second-largest prediction market in terms of trading volume, behind Polymarket, according to Dune. Example market questions include queries such as, “Will Trump release any of the Epstein files?”
Additional screenshots shared by Wong suggest that Coinbase is exploring offering trading in common stocks and exchange-traded funds (ETFs) within its app. No specific equities were displayed. After the leaks surfaced, it appears public access to the predicted market feature was retracted.
Wong obtained the screenshots by reverse-engineering publicly accessible Coinbase app code. She has a history of revealing upcoming tech features, as seen in her earlier discoveries involving Facebook dating and Airbnb flight integrations.
The company did not dispute the leaked information but directed questions toward the upcoming December 17 livestream, stating, “Tune in to the livestream on Dec 17th to find out what new products we are shipping.” This announcement aligns with a public post hinting at a “new era” for Coinbase.
Earlier this month, Kalshi selected Coinbase Custody to safeguard its USDC stablecoins. A full integration of Kalshi’s prediction markets into Coinbase would represent a significant development in their partnership.
Prediction markets enable users to bet on the results of real-world events. These platforms have gained popularity, with Kalshi processing $17 billion in total volume and Polymarket handling $34.39 billion, per data from Dune and Dune.
In addition, the concept of trading traditional stocks via crypto platforms has seen increasing interest. Apps like Robinhood launched tokenized stocks in June, while exchanges such as Kraken offer tokenized equities called xStocks on networks like Solana and BNB Chain.
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