Coinbase Expands to Stock Trading, Prediction Markets, and AI Advisers

Coinbase Global Inc. Expands Offerings

Coinbase is planning to expand its services beyond crypto, targeting prediction markets, robo-advisers, and custom stablecoins.
The exchange aims to enter stock trading, tokenization, and AI-powered investment advisory sectors.
Stock trading has been introduced on the platform, allowing global interactions with stocks and ETFs via crypto.

Competition and New Developments

Coinbase now competes directly with platforms like Robinhood and eToro by offering both stocks and crypto.
Prediction markets have been launched, partnering with Kalshi, enabling betting on various topics such as sports and politics.
Coinbase Advisor, an AI-driven financial adviser, will offer guidance across crypto, stocks, and prediction markets.
Custom stablecoins planned will be backed by Circle's USDC.
Coinbase Tokenize is being developed to bring offchain assets onchain, combining issuance, custody, compliance, and trading.

These expansions mark a strategic move by Coinbase to diversify its offerings and strengthen its market position against competitors.