Coinbase has launched services such as stock trading and prediction markets, aiming to become a "universal exchange".
TL;DR
Coinbase is expanding into stock trading and prediction markets, aiming to become a 'universal exchange' by adding new assets and services like AI-driven wealth management and Coinbase Business.
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According to a blog post published Odaily, Odaily reports that Coinbase (COIN), the US-listed cryptocurrency exchange, is introducing stock trading and integrating prediction markets, along with a range of other new products and assets, aiming to solidify its position as a "universal exchange." Coinbase stated that it is significantly expanding the variety of assets tradable on its platform, including new cryptocurrencies, perpetual futures, stocks, and prediction markets, initially in partnership with Kalshi, with plans to integrate more assets later.
In addition, Coinbase launched a new AI-driven wealth management advisory service, as well as Coinbase Business, designed to help startups and small businesses integrate cryptocurrency.