Coinbase Unveils Prediction Markets, Stock Trading and Solana DeFi Integration

Core Insights - Coinbase is expanding its platform to include traditional stock trading for U.S. customers, marking a significant update to its offerings [1] - The company plans to support thousands of equities and exchange-traded funds, introducing perpetual futures tied to stocks outside the U.S. next year [2] - Coinbase aims to enable tokenized stock trading and will allow institutions to tokenize assets, aligning with services offered by competitors [2][3] Product Offerings - Coinbase will operate as a commission-free brokerage, facilitating stock trading five days a week [2] - The platform will allow U.S. customers to trade perpetual futures, which enable traders to hold leveraged positions indefinitely [4] - Customers can trade assets supported on Solana-based decentralized exchanges directly within Coinbase's mobile app [4] Future Developments - The company is working towards offering access to tokenized stock trading in the upcoming quarter, contingent on regulatory guidance from the U.S. Securities and Exchange Commission [3] - Coinbase's model for tokenization will allow traditional shares to be wrapped and unwrapped across various blockchains while maintaining custody of the underlying stock [3] - The company plans to integrate additional prediction market platforms, following its entry into the prediction markets space [3]