Coinbase to Offer Tokenized Stocks & Prediction Markets
Coinbase plans to launch US-based tokenized stocks on its platform alongside on-chain prediction markets, derivatives and early-stage token sales. Dubbed an “exchange for everything” by Product VP Max Branzburg, the move aims to unify real-world and crypto assets in one venue.
Regulatory tailwinds like the SEC’s Project Crypto clear the way for the US rollout, with a phased international expansion to follow. This expansion into tokenized stocks diversifies Coinbase’s offerings, placing it in direct competition with Robinhood, eToro and Kraken.
In its Q2 earnings, Coinbase added 2,509 BTC to its reserves but fell short of revenue forecasts, triggering a 9% share price decline. CEO Brian Armstrong reaffirmed a long-term Bitcoin (BTC) strategy as these new services seek to boost trading volume and user engagement.
Bullish
Coinbase’s launch of tokenized stocks, prediction markets, derivatives and early-stage token sales expands its on-chain offerings, enhancing platform utility and attracting diverse capital. Regulatory support from the SEC’s Project Crypto reduces compliance risk, while the addition of 2,509 BTC to reserves and the CEO’s reaffirmed long-term Bitcoin strategy signal strong commitment to BTC. These factors are likely to boost market confidence and demand, driving price upside in both the tokenized market infrastructure and Bitcoin itself in the medium to long term. Short-term volatility may persist due to the recent revenue miss and share price decline, but the diversified service base and regulatory clarity support a bullish outlook for BTC.