Coinbase Enhances Platform with New Stock Trading and Prediction Markets

by · Blockonomi

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  • Coinbase introduces stock trading with a focus on top stocks and plans to add thousands of stocks and ETFs soon.
  • The platform now offers perpetual futures trading, allowing users to make larger trades with less upfront capital.
  • Coinbase expands prediction markets with Kalshi, enabling users to trade on real-world events like elections and sports.
  • The exchange enhances its decentralized exchange (DEX) by integrating Solana tokens and Jupiter for secure token swaps.
  • Coinbase aims to offer a seamless trading experience, combining crypto, stocks, prediction markets, and decentralized assets.

Coinbase has announced a major expansion of its platform, introducing a variety of new assets and services. The company is rolling out stock trading, prediction markets, and several other innovations.

Coinbase Introduces Stock Trading and Perpetual Futures

Coinbase is expanding its platform by offering stock trading, with an initial focus on top stocks based on market cap and volume. The exchange plans to expand its offerings, adding thousands of additional stocks and ETFs over the coming months. This feature will allow users to manage both their crypto and stock portfolios within a single Coinbase account, trading assets using USD or USDC.

The company also introduced perpetual futures (perps) trading, which will simplify derivatives trading for users. This change will enable users to make larger trades with less upfront capital. Coinbase aims to enhance the platform’s appeal by offering 24/7 access to stocks and crypto markets, providing a more flexible trading environment compared to traditional exchanges.

Prediction Markets and Decentralized Exchange Integration

Coinbase’s new features also include prediction markets, starting with an integration of Kalshi, a prediction market provider valued at $11 billion. Users will be able to trade on the outcomes of real-world events such as elections, sports, and economic indicators. The collective trading activity of market participants will determine the prices of these event contracts.

The exchange is also enhancing its decentralized exchange (DEX) offerings, with plans to include Solana tokens. Coinbase is integrating the Solana DEX aggregator Jupiter, allowing users to swap tokens securely without leaving the app. This move aligns with Coinbase’s broader strategy to offer a comprehensive and seamless trading experience across different asset types.

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