Coinbase go offer Tokenized Stocks and Prediction Markets
Coinbase dey plan to launch US-based tokenized stocks for dia platform together wit on-chain prediction markets, derivatives and early-stage token sales. Product VP Max Branzburg call am “exchange for everything,” dis move na to unite real-world and crypto assets for one place. Regulatory breeze like SEC’s Project Crypto dey clear road for US rollout, with international expansion go follow in phases. Dis move to tokenized stocks go diversify Coinbase offerings, put dem in direct competition wit Robinhood, eToro and Kraken. For Q2 earnings, Coinbase add 2,509 BTC to dia reserves but dem no meet revenue forecast, cause 9% drop for share price. CEO Brian Armstrong confirm him long-term Bitcoin (BTC) strategy as dis new services dey try boost trading volume and user engagement.
Bullish
Coinbase start tokenize stock dem, prediction market dem, derivatives plus early-stage token sales don extend their on-chain package, make the platform beta plus draw different kind capital. SEC Project Crypto wey dey regulate, e reduce compliance wahala, plus dem add 2,509 BTC to reserve and CEO knack say dem still dey hold long term Bitcoin plan, e show say dem serious about BTC. These tin fit boost market confidence plus demand, go make price rise for both tokenized market system and Bitcoin for medium to long term. Short-term wahala fit still dey cos dem just miss revenue and share price don fall, but cos dem get plenty service base and regulatory clarity, e mean say BTC get better chance to increase.