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Coinbase Appoints George Osborne as Chair of Global Advisory Council
- Coinbase has appointed former UK finance minister George Osborne as chair of its Global Advisory Council, aiming to enhance government relations outside the US.
- The appointment aligns with Coinbase's strategic focus on expanding influence in Britain and the European Union, with Osborne advising on crypto regulation, stablecoins, and tokenized assets.
- Osborne, who joined Coinbase as an adviser in January 2024, will be based in London and work closely with policymakers to advocate for clearer rules on tax treatment, stablecoin payments, and tokenized asset utilization in capital markets.
- Coinbase is actively expanding its platform beyond cryptocurrency trading to include stock trading, prediction markets, custom stablecoins, and AI-powered investment advisers. It aims to become a comprehensive financial platform.
- Recent initiatives include launching stock trading and partnering with Kalshi for markets linked to real-world events like sports and elections.
- Deutsche Bank has given Coinbase a buy rating, predicting that its expanded strategy will reduce reliance on crypto trading volumes as it scales operations into 2026.