Core Insights - Coinbase is launching new features to transform its app into a comprehensive financial platform, incorporating stocks, advanced trading, and prediction markets, while enhancing its on-chain ecosystem and tools for businesses and developers [1][2] - The company aims to compete with platforms like Robinhood and others in the crowded market for prediction markets, which are becoming increasingly popular [2][4] - Coinbase's strategy includes making outcome trading a daily habit for users, positioning itself as a next-generation brokerage [4][5] Company Strategy - Coinbase plans to integrate various trading options, including stocks, derivatives, and prediction market contracts, into its main app, with a long-term vision of bringing equities on-chain [2] - The company is focusing on diversifying its offerings to attract new users and retain them, especially during periods of lower cryptocurrency prices [5] Market Context - Robinhood has seen significant success with its prediction markets, with over 11 billion event contracts traded, marking it as the fastest-growing product by revenue in its history [5] - Coinbase is currently facing challenges, being down about 5% year-to-date, while Robinhood's stock has increased by over 200% in the same period [5]