Coinbase Enters New Era as Stocks and Prediction Markets Power Its Bid for the World’s #1 Financial Services App

Dogecoin and Shiba Inu have been included in Coinbase's latest product expansion, which features US perpetual-style futures trading for various altcoins, marking a significant moment for meme coins in the regulated crypto derivatives market. This announcement was made via Coinbase's official channel on X, highlighting the platform's commitment to enhancing trading options for users.

Coinbase has appointed former UK Chancellor George Osborne to chair its advisory council, a move that follows his advisory role with the company since 2024. Osborne has been vocal about the UK government's insufficient digital asset regulations, highlighting the need for a more robust framework in the cryptocurrency sector.

Coinbase shares have experienced a rise following positive analyst feedback regarding the company's ambitious expansion plans, which aim to broaden its reach across both new and traditional assets. This development marks a significant milestone for the cryptocurrency exchange as it adapts to evolving market demands.

Bitcoin and Ethereum prices have declined significantly, attributed to a wave of fear in the cryptocurrency market following BlackRock's transfer of 2,257 BTC and 74,973 ETH to Coinbase. This move raised concerns about potential sell-offs by the world's largest asset manager, coinciding with ETF outflows on December 16.

Coinbase has expanded its operations in Poland by integrating Blik mobile payments through a partnership with PPro, aiming to facilitate faster and easier cryptocurrency transactions amidst ongoing regulatory challenges in the region.

Coinbase has launched a new service called Custom Stablecoins, allowing brands to mint their own compliant digital currencies backed by USDC. This initiative aims to tap into a network of over 100 million wallets, providing businesses with new revenue streams and enhancing their engagement with customers through branded digital dollars.

Coinbase is set to expand its offerings by launching stock and derivatives trading, as well as prediction markets, which could significantly reshape its role in the financial ecosystem. This initiative is part of a broader strategy to enhance market accessibility and innovation within the cryptocurrency sector.

Coinbase has initiated the rollout of stock trading and prediction market services powered by Kalshi, marking a significant expansion of its platform beyond cryptocurrency trading. This update is part of a broader strategy to diversify its offerings and enhance user engagement.