Coinbase has unveiled a major product expansion, positioning itself to evolve into a broad “everything exchange.” At its December 17 system update event, the platform announced several new features, including stock trading, prediction markets, and decentralized trading for Solana tokens. This expansion aims to extend Coinbase’s offering beyond cryptocurrencies, integrating equities, derivatives, and a variety of financial services.
One of the most notable features is the introduction of stock trading. Coinbase now allows U.S. users to trade stocks and exchange-traded funds (ETFs) commission-free, alongside their crypto holdings.
This development enables users to manage both traditional and digital assets within a single account. Coinbase plans to broaden its stock offerings, with the goal of adding thousands of new stocks in the coming months. Additionally, stock-linked perpetual futures will be available for non-U.S. users, providing access to U.S. equities in a more capital-efficient way.
As part of its expansion, Coinbase is also entering the prediction market space through a partnership with Kalshi, a regulated prediction market platform. This will allow users to trade event-based contracts using U.S. dollars or USDC, directly within the Coinbase app. The company emphasized that liquidity for these contracts will initially be sourced from Kalshi, though additional platforms will be integrated over time.
This integration enables users to diversify their portfolios with predictive trading opportunities. Positions will appear alongside users’ existing crypto, equities, and cash balances, making it easier to manage all assets in one place. Coinbase’s move into prediction markets reflects the company’s desire to expand into broader financial services, offering a unique way for users to engage with real-world events through financial contracts.
Coinbase is also enhancing its decentralized finance (DeFi) capabilities by integrating Solana-based token trading through Jupiter, Solana’s largest decentralized exchange (DEX) aggregator. This integration allows Coinbase users to trade Solana tokens seamlessly within the platform without the need to manually route trades across multiple decentralized exchanges.
https://x.com/Blockworks_/status/2001407029496123749?s=20
With this update, Coinbase users will have access to millions of assets across both the Solana and Base networks. The platform plans to expand its decentralized trading features to include additional networks over time. This move is part of Coinbase’s broader strategy to offer a more comprehensive range of trading options that include both centralized and decentralized assets.
Coinbase is also making strides in the stablecoin sector with the introduction of custom stablecoins. These stablecoins allow companies to issue branded tokens backed by a flexible mix of collateral, including USDC. By launching this feature, Coinbase is competing with stablecoin infrastructure providers like Paxos and Anchorage, offering businesses a new way to integrate stablecoin payments into their operations.
Moreover, Coinbase is enhancing its developer platform with new APIs for custody, payments, trading, and stablecoins. These APIs are designed to help businesses integrate crypto payments and financial services into their operations. Partners such as Deel, Papaya, and dLocal are already utilizing Coinbase’s payment infrastructure to streamline their crypto transactions. Additionally, the company has introduced x402, a payment standard for stablecoin transactions, which facilitates AI-powered autonomous transactions.
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