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Coinbase Promises New Products In December, A Prediction Market Appears To Be One Of Them
Yahoo Financeยท 2025-11-27 17:31
Core Insights - Coinbase is set to showcase new products on December 17, with CEO Brian Armstrong expressing excitement about the upcoming event [1] - Potential new offerings include a prediction market in collaboration with Kalshi, a stock trading product, and an AI assistant named "Genie" [2][3] - The launch aligns with Coinbase's vision of becoming an "everything exchange," aiming to integrate various asset classes on-chain [4][5] Product Launch Details - The product showcase event is scheduled for December 17, where Coinbase will reveal its new offerings [1][3] - The prediction market powered by Kalshi is one of the anticipated products, marking the second partnership between Coinbase and Kalshi [2] - The stock trading feature aims to enhance Coinbase's competitive position against platforms like Robinhood and Kraken [2] Strategic Developments - Coinbase recently appointed Liz Martin, a former Goldman Sachs partner, as vice president of product to oversee markets and derivatives [4][5] - The company is focused on expanding its derivatives business and enhancing its global markets team under Martin's leadership [5] - Coinbase's strategy emphasizes building a comprehensive trading platform that includes stocks, prediction markets, and other assets [4]