Coinbase's Big Plans: Prediction Markets and Stock Trading on the Horizon
Major Crypto Exchange Teases Exciting Updates
Coinbase, a leading cryptocurrency exchange, has sparked excitement with hints of new features. Tech insider Jane Manchun Wong shared screenshots suggesting the platform might introduce prediction markets and stock trading.
Prediction Markets: Betting on Real-World Events
The leaked screenshots indicated a potential integration with Kalshi, a prediction market platform. Users could bet on real-world events, such as:
"Will Trump release any of the Epstein files?"
Wong discovered these features by examining Coinbase's public app code. She is known for uncovering hidden features in popular apps.
Stock and ETF Trading on the Horizon?
Wong also found signs that Coinbase might expand into stock and ETF trading, though no specific stocks were mentioned. Shortly after her findings were shared, the prediction market feature was removed from public view.
Coinbase's Tease: A "New Era" Coming Soon
Coinbase did not deny the leaks but instead teased a "new era" set to launch on December 17. The exchange invited users to tune into a livestream for major product announcements.
Kalshi and Coinbase: A Growing Partnership
Earlier this month, Kalshi chose Coinbase Custody to safeguard its USDC stablecoins. A full integration with Kalshi’s prediction market could strengthen their collaboration.
Prediction markets are gaining traction, with billions in trading volume. Kalshi has processed $17 billion, while Polymarket has handled $34.39 billion.
