3 Big Moves Coinbase Could Make by the End of 2025 and Beyond

Core Insights - Coinbase aims to become a comprehensive platform for various asset classes, expanding beyond cryptocurrency to include derivatives, equities, and commodities [4][6] - The company is actively pursuing acquisitions and partnerships to enhance its offerings and capitalize on the growing interest in stablecoins and tokenized assets [10][12] Group 1: The Everything Exchange - Coinbase is developing a one-stop shop for all asset types, including plans for derivatives trading, which constitutes about 80% of global crypto trading volume [4][6] - The company is seeking SEC approval for tokenized stock trading, allowing users to trade blockchain-based tokens representing equities [5][6] - In July, Coinbase launched perpetual futures trading in the U.S., offering up to 10 times leverage to investors [7] Group 2: Coinbase Business - Coinbase Business targets small and midsize enterprises, providing instant settlements and interest generation on USDC balances [8][9] - By the end of October, Coinbase Business had onboarded 1,000 businesses, with another 1,000 on the waitlist [9] Group 3: Strategic Acquisitions - Coinbase's acquisition of Echo, an on-chain early investment platform for $375 million, enhances its ability to support crypto projects in raising capital [10][11] - This acquisition complements the earlier purchase of Liquifi, a token management platform, aligning with Coinbase's vision for tokenized assets [11] Group 4: Payment Partnerships - The Genius Act has facilitated the growth of the stablecoin market, which J.P. Morgan Global Research estimates could reach $750 billion [12][13] - Coinbase is forming partnerships with financial institutions, including Citigroup, to develop digital asset payment solutions [13] Group 5: Future Outlook - Coinbase's strategic moves aim to reduce reliance on trading revenue, which constituted over 50% of its Q3 2025 revenue, by diversifying income streams [14]