Coinbase Plans Expansion Into Tokenized Stocks and Prediction Markets

Coinbase is preparing a major product reveal that could push the exchange deeper into two of the hottest trends in digital finance, prediction markets and tokenized stocks.

According to a Bloomberg report published Friday, Coinbase plans to announce the new offerings during a product showcase on December 17. A person familiar with the plans told the outlet the company intends to issue tokenized equities internally rather than relying on outside partners, signalling a bigger commitment to bringing traditional assets on-chain.

Interest has been building for weeks. Screenshots circulating on X have appeared to show early versions of prediction market and tokenized equity features inside Coinbase’s apps, sparking speculation that new trading tools were close. Coinbase confirmed it will outline upcoming products during a December 17 livestream, urging customers to tune in for full details.

The move aligns with Coinbase’s broader strategy to become a one-stop hub for digital assets, where users can access crypto, blockchain-based versions of stocks and ETFs, and event-driven markets from the same platform. It also positions the exchange to keep pace with competitors that are expanding beyond spot crypto trading.

Rival platforms have already been testing the waters. Robinhood has rolled out prediction products powered by Kalshi, while Robinhood and Kraken list tokenized US stocks and ETFs in certain regions, though not in the United States. Tokenized equities are seeing rising activity, with rwa.xyz data showing monthly transfer volumes up about 32% over the past 30 days to roughly $1.45 billion.

Prediction markets are also growing fast, drawing attention from both crypto-native firms and traditional market players. Gemini recently obtained CFTC approval to launch its US prediction platform, Gemini Titan, offering simple yes-or-no event contracts. Elsewhere, Crypto.com has partnered with Trump Media, and Robinhood and Susquehanna have agreed to acquire 90% of LedgerX, increasing their exposure to regulated event-based derivatives.