Key Takeaways
- Coinbase will launch prediction markets and tokenized stocks on December 17.
- These new products expand Coinbase’s offerings beyond traditional digital assets.
Coinbase is set to launch prediction markets and its own suite of tokenized equities next week, Bloomberg reported on Thursday, citing a person familiar with the company’s plan.
The crypto exchange will introduce these new products as it expands its trading offerings beyond traditional digital assets. The prediction markets will allow users to speculate on future events, while tokenized stocks will enable trading of blockchain-based representations of equity securities.
The products, expected to debut on Dec. 17, would position Coinbase at the center of two of the fastest-growing categories in on-chain finance.
Internal issuance of tokenized equities suggests Coinbase aims to control distribution and economics rather than relying on white-label partners. Hints of the functionality have surfaced in leaked UI screenshots on social media.
Source: https://cryptobriefing.com/coinbase-prediction-markets-tokenized-stocks/
