Coinbase Expands Into Stock Trading and Prediction Markets as Part of 'Everything App' Strategy
Coinbase announced an expansion into stock trading, advanced trading, and built-in prediction markets through a partnership with Kalshi, rolling out these features in the U.S. The announcement was made during a System Upgrade event in San Francisco featuring Coinbase CEO Brian Armstrong. This move aligns with Coinbase's strategy to become an "everything app," aiming to transform into a mainstream financial platform beyond its original focus on cryptocurrency.
As part of the expansion, Coinbase plans to tokenize traditional assets via a platform called "Coinbase Tokenize," which will include infrastructure for tokenized stocks. The platform will also provide direct access to Solana tokens in the coming weeks, enabling users to trade millions of tokens directly within the Coinbase app. Additionally, Coinbase is rolling out an expanded API suite covering custody, payments, trading, and stablecoins.
Following the event, Coinbase's stock (COIN) fell 3.3% in the afternoon session and has declined more than 20% in 2025 so far, reflecting notable volatility. The broader crypto market's ongoing bearish sentiment is also impacting COIN and Bitcoin prices.
