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Coinbase Adds Stock Trading, Kalshi Event Contracts, Shares Climb - Coinbase Global (NASDAQ:COIN)
Benzinga· 2025-12-17 23:21
Core Insights - Coinbase Global, Inc. has launched several new products aimed at expanding its offerings and competing with traditional investing platforms [2][3] Group 1: New Product Offerings - Coinbase introduced a stock trading feature that allows users to buy stocks directly on its platform, starting with select U.S. users [2] - The company plans to implement tokenized trading to bring more assets on-chain [2] - Coinbase has integrated with Kalshi to enhance its prediction markets, allowing users to trade various contracts using USDC or their crypto balance without needing to transfer funds [3] Group 2: Market Reaction - Following the announcement of new features, Coinbase shares rose by more than 1% in after-hours trading, reaching $247.50 [4] - Despite a nearly 8% decline in the stock over the past month due to a downturn in the crypto market, the stock remains slightly up for the year [4]
Coinbase Adds Stock Trading, Kalshi Event Contracts, Shares Climb
Benzinga· 2025-12-17 23:21
Core Insights - Coinbase Global, Inc. has launched several new products aimed at expanding its offerings and competing with traditional investing platforms [2][3] - The company introduced a stock trading feature that allows select U.S. users to buy stocks directly on its platform [2] - Coinbase has integrated with Kalshi to enhance its prediction markets, enabling users to trade various assets seamlessly [3] Group 1: New Product Offerings - Coinbase is rolling out a stock trading feature for select U.S. users, allowing them to buy stocks directly on the platform [2] - The company plans to implement tokenized trading to bring more assets on-chain [2] - Users will be able to trade stocks or prediction contracts using USDC or their crypto balance without needing to transfer funds to a bank or separate brokerage [3] Group 2: Market Reaction - Following the announcement, Coinbase shares rose by more than 1% in after-hours trading, climbing 1.36% to $247.50 [4] - Despite a nearly 8% decline over the past month due to a downturn in the crypto market, Coinbase shares remain slightly up for the year [4]