Coinbase adds prediction markets and stock trading in push to be one-stop trading app

Coinbase's Strategic Expansion - Coinbase is introducing new features to transform its app into a comprehensive financial platform [1] - The company aims to integrate stocks, advanced trading options, and prediction markets into its platform [1][2] - A long-term goal involves bringing equities on-chain [2] Competition and Market Positioning - The space is becoming increasingly competitive with players like Khi and Poly Market [2] - Robinhood has expanded into sports-related event contracts, intensifying competition [2] Prediction Markets as Information Products - Coinbase views prediction markets as a potential mass-market information product, with only 1% of users using it for trading and 99% for information [3] - The company believes prediction markets can rival traditional media or entertainment [3] - Coinbase aims to make outcome trading a daily habit within its app [3] Future Vision - Coinbase is positioning itself as a next-generation brokerage [3]