Coinbase has appointed former UK finance minister George Osborne as chair of its Global Advisory Council. It is clear that the American crypto exchange wants to deepen its influence with governments outside the United States. Earlier this week, Coinbase tested the waters in India as its deal to acquire a minority stake in local crypto trading platform CoinDCX was approved by the Competition Commission of India. Coinbase Expands Policy Reach Beyond the US Coinbase confirmed that Osborne will take a more ...

Core Insights - Coinbase Global Inc. is expanding its operations beyond cryptocurrency into sectors like prediction markets, robo-advisers, and custom stablecoins, indicating a strategic diversification of its business model [1] Group 1: New Offerings and Expansion - Coinbase announced plans to engage in stock trading, custom stablecoins, tokenization, and AI-powered investment advisers during its year-end System Update Conference [2] - The introduction of stock trading allows users to interact with stocks and Exchange Traded Funds (ETFs) globally, marking a significant milestone for the firm [3] - This expansion positions Coinbase to compete directly with platforms like Robinhood and eToro, which also offer both stocks and crypto [4] Group 2: Prediction Markets and AI Integration - Coinbase has launched prediction markets, supported by the prediction market company Kalshi, allowing users to bet on various topics such as sports and politics [5][6] - The company is introducing Coinbase Advisor, an AI-powered financial management adviser that provides investment advice across crypto, stocks, and prediction markets based on user input or current news events [7] - The planned custom stablecoins will be backed by Circle's USDC, enhancing the firm's offerings in the stablecoin market [7] Group 3: Future Developments - Coinbase is developing Coinbase Tokenize, an end-to-end solution for bringing offchain assets onchain, which will integrate issuance, custody, compliance, and trading [7]

Stablecoin Initiatives - Coinbase launches Custom Stablecoins, allowing partners to issue branded stablecoins [1]

Coinbase announced the launch of “Custom Stablecoins,” a service that allows partners to issue their own branded stablecoins on Coinbase, backed by a flexible set of collateral assets, including USDC. R2, Flipcash, and Solflare are among the projects exploring custom stablecoins for their users, with launches expected in the coming months. https://t.co/W9UobjBrIM ...

Introducing Coinbase Custom Stablecoins.Create a branded stablecoin for your business, backed 1:1 by collateral custodied by Coinbase.→ Earn rewards on activity→ Seamless interoperability across chains→ Tap into Coinbase’s global distribution https://t.co/DJ3Wcq4Zhn ...