Coinbase Set to Launch Prediction Markets and Tokenized Stocks
Coinbase is gearing up for a major step forward in its product roadmap, with plans to introduce a suite of new trading tools that expand the exchange far beyond its crypto roots.
On December 17, the company will reveal its long-anticipated entry into prediction markets and tokenized stock trading, marking one of the largest strategic shifts in the exchange’s history.
Key Takeaways
- Coinbase will unveil prediction markets and internally issued tokenized stocks at its December 17 showcase.
- The move signals Coinbase’s push to become a multi-asset, on-chain financial platform rather than a crypto-only exchange.
- Tokenized equity activity is surging, with monthly volumes now above $1.4 billion.
A Pivot Toward “Everything Markets”
For months, Coinbase executives have hinted that the exchange intends to offer more than spot crypto trading. Now, with a showcase event scheduled for mid-December, that vision is taking shape: internally issued tokenized equities and blockchain-powered prediction markets will form the backbone of a new multi-asset ecosystem.
Instead of partnering with external issuers — the approach many competitors use — Coinbase is reportedly building tokenized stocks in-house. Screens circulating online in recent weeks displayed early interface concepts, suggesting that these new features have been in development for some time.
The company has declined to confirm the leaked material, directing users to the December livestream, but Bloomberg reports that the rollout is set.
RWA Boom Creates Tailwind for Coinbase’s New Direction
Behind Coinbase’s timing is a broader shift in market behavior. Real-world assets — including tokenized equities — have surged in activity this year. According to rwa.xyz, monthly blockchain transfer volume for tokenized stocks now exceeds $1.4 billion, rising more than 30% month-over-month.
Coinbase signaled its interest months ago through its partnerships in settlement infrastructure. One example: Kalshi, a regulated event-trading platform, selected Coinbase Custody to handle USDC used in its markets. That move foreshadowed the company’s intention to integrate crypto-native settlement rails with new forms of financial products.
Prediction Markets Enter a Breakout Phase
The competitive landscape for prediction markets has intensified quickly — and Coinbase’s arrival would place it in a rapidly expanding arena.
This week alone, Gemini secured approval from the CFTC to operate a regulated prediction platform. Robinhood announced a new derivatives initiative through a joint venture. Crypto.com partnered with Trump Media & Technology Group to explore new event-driven trading features.
The acceleration is driven by a more welcoming U.S. regulatory climate and a global market that analysts value at over $10 billion. Prediction markets are becoming a new battleground for exchanges seeking fresh revenue and user engagement.
These platforms allow traders to speculate on outcomes across elections, sports, macroeconomic releases, cultural events, and more — turning information and expectations into tradeable assets. Participation has climbed sharply this year as institutional players enter the space.
A Turning Point for Coinbase
For Coinbase, the December launch represents the next phase of its evolution: a transition from crypto-only exchange to a full-spectrum on-chain financial marketplace.
Rather than waiting for competitors to define the new category, the exchange appears ready to position itself as a foundational issuer and operator in tokenized markets — and a direct participant in event-driven trading at scale.
More details will be revealed at the December 17 showcase, but one thing is clear: Coinbase is preparing to compete on more fronts than ever before.
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Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
