Coinbase Adds Commission-Free Stock Trading and Prediction Markets as It Pushes ‘Everything App’ Strategy
Coinbase is expanding beyond spot crypto by adding commission-free U.S. stock and ETF trading plus prediction markets as part of its “everything app” strategy. Announced by Coinbase’s product leadership, the stock feature enables 24/7 trading of equities and ETFs “powered by crypto.” Prediction markets are launching via a partnership with Kalshi and will roll out to U.S. users, with broader expansion planned. Coinbase also plans to introduce 24/7 perpetuals early next year offering up to 50x leverage on crypto and stock bets. The moves are designed to increase user engagement, cross-sell products, diversify revenue, and compete with traditional brokerages and fintech apps. Detailed fee structures and exact rollout timelines were not fully disclosed. For traders: these features may boost on-platform liquidity, widen derivative exposure, and increase correlation between crypto and equity order flow — factors that could affect intraday volatility and execution dynamics.
Neutral
Probability of direct price impact on major cryptocurrencies mentioned in the reporting is limited, so the market view is neutral. Rationale: Coinbase’s expansion into commission-free stocks, prediction markets, and planned 24/7 perpetuals is strategically significant and likely to increase platform engagement, trading volumes, and fee diversification over time. That could support higher on-platform liquidity and long-term revenue — potentially positive for Coinbase’s business model and its native token (if applicable). However, for direct near-term price moves in major cryptocurrencies, this announcement lacks an immediate catalytic mechanism (no token issuance, no major regulatory breakthrough, no sudden change to crypto supply/demand). Short-term effects could include modest volatility due to increased cross-asset trading and leverage (especially once 24/7 perpetuals and high leverage roll out), but these are offset by uncertainty about rollout timing, product limits, and fee details. Thus expect limited immediate crypto price impact, with possible medium- to long-term supportive effects on exchange volumes and market structure.