Coinbase plans to roll out prediction markets and tokenized equities, moving into two of the fastest-growing corners of digital finance as it prepares a product showcase next week. Bloomberg reported Friday that the the US-based exchange will announce the new offerings at an event on Dec. 17, a source told the outlet, adding that Coinbase intends to issue tokenized stocks in-house rather than through external partners. Executives at Coinbase have previously signalled interest in both businesses, but unt ...

Core Viewpoint - Gemini Space Station's stock surged by over 30% following the approval of a license to launch prediction markets in the U.S. [1] Company Developments - The Commodity Futures Trading Commission (CFTC) granted Gemini Titan, an affiliate of Gemini, a Designated Contract Market (DCM) license, allowing it to offer event contracts to U.S. customers via its website and mobile app [3]. - Event contracts will include simple "yes" or "no" questions regarding future events, such as Bitcoin price predictions and outcomes in elections, sports, and geopolitical events [4]. Industry Insights - The prediction markets industry is experiencing rapid growth, with weekly trading volumes exceeding $2 billion for the first time in October [6]. - Industry leaders, including Thomas Peterffy of Interactive Brokers Group, predict that the event-contracts market could surpass the stock market in size within the next 15 years [6][7]. - Gemini's president, Cameron Winklevoss, believes that prediction markets could become as significant as traditional capital markets [7]. - The company aims to aggressively pursue the profit opportunities presented by prediction markets [8].

Group 1: dYdX's Expansion and Product Launch - dYdX, one of the largest decentralized exchanges, is launching its first-ever spot trading product, aiming to expand its presence in the Solana ecosystem and increase its user base [1][2] - The exchange has surpassed $1.5 trillion in cumulative trading volume and is positioning spot trading as a key entry point to access the US market amid a more favorable regulatory environment [2] - To attract new users, particularly in the US, dYdX is waiving trading fees for December [2] Group 2: Market Strategy and Alignment - dYdX's expansion aligns with its strategy to enhance market depth and deploy advanced trading tools while maintaining transparency and self-custody standards [3] - The move is in line with centralized exchange Robinhood, which has also announced new product launches for US residents recently [3] Group 3: Solana Market Dynamics - Solana's derivatives positioning is predominantly bearish, with long positions dropping to $692 million while short positions remain above $1 billion [4] - The $147 level is identified as a significant liquidity pocket, with $667 million positioned there, which could trigger a rally if surpassed [5] - If the market extends its correction, the next support level to watch is $125, with potential declines toward the $100 psychological zone if that support fails [6]

Core Viewpoint - dYdX is launching its first spot trading product, expanding its offerings beyond derivatives and entering the U.S. market for the first time [1][2] Group 1: Product Launch and Market Expansion - The introduction of Solana spot markets marks a significant shift for dYdX, which has primarily focused on derivatives trading [1] - This launch is part of dYdX's strategy to deepen its involvement in the Solana ecosystem and broaden its user base [2] - The exchange has achieved over $1.5 trillion in cumulative trading volume since its inception, positioning spot trading as a new entry point, especially in regions with restrictions on derivatives [2] Group 2: User Incentives and Regulatory Considerations - To attract new users, particularly in the U.S., dYdX is waiving trading fees for December [2] - The company is adapting to the evolving U.S. regulatory landscape, although it is not offering perpetual contracts domestically at this time [3] - dYdX aims to provide American traders with access to advanced decentralized trading infrastructure while adhering to principles of transparency and self-custody [4]

Core Insights - Gemini Space Station shares have received positive news as the cryptocurrency exchange has gained approval to enter the prediction-markets business [1] Company Summary - The approval marks a significant milestone for Gemini, potentially expanding its business operations and attracting new investors [1]

Kalshi and Crypto.com said on Thursday they had launched a national alliance of prediction market operators that includes cryptocurrency exchange Coinbase , retail trading platform Robinhood and sports gaming operator Underdog. ...

币界网12月11日讯，近日The Block报道的一则消息引发全球关注：Compound创始人Robert Leshner创立的Superstate推出Direct Issuance Programs，允许上市公司通过发行代币化股票直接向KYC验证投资者募资，稳定币支付、即时结算，运行于以太坊与 Solana，首批项目将于2026年启动。更关键的是，该计划无需承销商且符合SEC监管框架——这意味着，传统美股的中心化发行-中 介分销模式正被区块链技术撕开一道裂缝，资本市场的去中介化与链上化进入实质阶段。 在这场变革中，有一个细分领域或将率先承接红利：美股永续合约。作为追踪美股价格走势的衍生品工具，其天然具备高流动性、 杠杆交易与对冲需求属性。而随着代币化股票打破传统美股的交易壁垒（如T+2结算、地域限制），全球投资者对7×24小时、无边 界、低摩擦的美股衍生品需求将激增。但挑战也随之而来：如何在链上化浪潮中保障交易安全？如何让用户穿透迷雾看清市场风 险？此时，一个以安全密码为标签的交易所——XBIT，正凭借其独特的技术架构与功能设计，成为美股永续合约赛道的安全锚。 去年夏天的新加坡区块链峰会上，XBIT CTO ...

Summary of Coinbase Global FY Conference Call Company Overview - **Company**: Coinbase Global (NasdaqGS:COIN) - **Date**: December 10, 2025 - **Focus**: Cryptocurrency trading platform and services Key Points Market Volatility and Trading Activity - Recent trading activity in the crypto market has been volatile, influenced by macroeconomic factors such as tariffs announced by Trump, changes in Federal Reserve rates, and a poor price feed from a major exchange leading to significant liquidations [3][4] - The largest liquidation event in crypto history occurred, with $19 billion liquidated, primarily affecting non-U.S. exchanges [4] - Coinbase has seen positive net inflows into ETFs, indicating a potential stabilization in the market, with Bitcoin prices around $80,000 to $85,000 [5][6] Market Structure and Leverage - The U.S. has regulatory rules around leverage in contracts, but many non-regulated market participants operate with higher leverage, which can lead to market instability [7][8] - Coinbase maintains a conservative approach to leverage, with no significant losses reported in their credit book [10][11] Regulatory Environment - The regulatory landscape for crypto has shifted positively, with the Clarity for Payment Stablecoins Act passed, providing clearer rules for stablecoin issuance and usage [12][13] - The Clarity Act is expected to enhance market participation and innovation, potentially increasing competition for Coinbase [15][16] Business Development and Competition - Coinbase is actively pursuing acquisitions to enhance its capabilities, focusing on talent, products, and licenses [20][21] - The acquisition of Deribit, a leading options platform, aims to integrate options trading into Coinbase's offerings, enhancing capital efficiency for users [22][23] Institutional Offerings - Coinbase's institutional business has grown significantly, with over a third of the top 100 hedge funds as clients and an 80% market share in ETF custody [24][25] - The platform is positioned to serve new clients, including governments looking to acquire Bitcoin as a strategic reserve asset [27] USDC and Stablecoin Usage - Demand for USDC is growing among both retail and institutional clients, primarily used for liquidity and arbitrage across trading pairs [31][32] - Regulatory clarity has allowed Coinbase to offer rewards on stablecoin usage, differentiating it from traditional interest payments [34] Credit Card Launch - Coinbase has launched a credit card offering up to 4% Bitcoin back, aimed at customer acquisition and increasing engagement with the Coinbase One membership [35][36] Business Management Through Cycles - Coinbase has developed strong scenario planning and risk management strategies to navigate through crypto market cycles, ensuring operational efficiency and profitability [37][38] Additional Insights - The integration of options and futures trading is expected to enhance Coinbase's competitive position in the market [22][23] - The focus on regulatory clarity and institutional offerings positions Coinbase for growth as the crypto market matures [14][16][24]

Upbit, South Korea’s largest crypto exchange, will move almost all customer assets into cold wallets after attackers breached its Solana hot wallets in late November. Dunamu, Upbit’s parent company, announced on Wednesday, Dec. 10, that the crypto exchange is planning to move over 99% of its digital assets to cold wallets. South Korea’s Virtual Asset User Protection Act requires all crypto exchanges to hold at least 80% of their digital assets in cold wallets. While Upbit already holds 98.33% of its cry ...

Coinbase claims institutional speculation has stablized. Source: Coinbase banner. Key Takeaways Coinbase claims that institutional speculation has died down and is now stabilized. The Coinbase report hinted at a potential bull rally in December, following two months of a bearish bloodbath. December has historically been a bullish month, offering a 25% return during bull markets. Coinbase believes that the crypto market is positioning for a reset after two months of heavy bearish pressure. Coinbase ...