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Coinbase to Expand into Equities and Commodities by 2026
Brian Armstrong, CEO of Coinbase, has outlined the company's strategic plan for 2026, focusing on expanding its offerings and services.
- Coinbase aims to become an "everything exchange" by integrating crypto, equities, prediction markets, and commodities, covering spot, futures, and options trading.
- The company is scaling stablecoin usage and payment systems, viewing them as crucial financial infrastructure for remittances, payroll, and settlements.
- Coinbase has rebranded its wallet to an "everything app," adding social networking features and enhanced on-chain integration.
- The firm acquired The Clearing Company to launch stock trading and prediction markets within its app, competing with platforms like Robinhood.
- Competitors such as OKX and Binance are also expanding their services into full-scale financial apps, indicating increased industry competition.
Stablecoins and the Ethereum Layer-2 platform, Base, are central to Coinbase's future strategy.
- Stablecoins are positioned as essential for various financial applications, anticipating future interest from traditional banks in stablecoin products.
- Armstrong's plans include further development of the Ethereum Layer-2 platform, Base, despite facing some criticism over its approach to creator coins.
- Coinbase warns that unclear U.S. regulations could affect its competitive edge in the global digital finance space, especially against China.