Key Moments:
- Coinbase is preparing to introduce prediction markets and tokenized stocks at a showcase event on December 17
- Tokenized equities will be issued internally by Coinbase, according to Bloomberg
- Tokenized-equity transfer volume increased 32% in the past 30 days, reaching $1.45 billion
Coinbase’s Strategic Product Rollout
Coinbase Global is reportedly getting ready to unveil prediction markets and tokenized stock offerings during its upcoming showcase event on December 17, as covered by Bloomberg and attributed to unnamed sources. This development signals Coinbase’s intent to move into rapidly expanding areas of digital finance by enabling users to speculate on future events and to trade blockchain-based fractionalized equities. The company intends to issue these tokenized equities internally, without involvement from third-party partners, Bloomberg noted.
While a Coinbase spokesperson declined to comment on the specifics of the event or the products in question, the spokesperson said: “Tune in to the livestream on Dec. 17 to find out what new products Coinbase is shipping.”
Industry Partnerships and Competitive Landscape
Earlier communication from Coinbase, including a September blog post, indicated the firm sees prediction markets as a natural progression for digital assets. Last month, Coinbase advanced its footprint in the prediction markets industry through a partnership, providing custodial services for Kalshi’s USDC. “Today we’re announcing that Kalshi…has chosen Coinbase Custody to safeguard their USDC – giving participants peace of mind when they trade on real-world outcomes,” the company stated at that time.
The digital prediction market space has experienced a recent surge in activity. Gemini has obtained regulatory approval to offer yes/no prediction contracts, and other industry players like Crypto.com and Robinhood are expanding into this growing sector. Robinhood has rolled out Kalshi-powered prediction markets, and both Kraken and Robinhood offer tokenized U.S. stocks and ETFs outside the American market.
Growth Trends and Market Data
Recent data from tracker rwa.xyz indicates tokenized-equity monthly transfer volume climbed 32% over the past 30 days to reach $1.45 billion. Growth in prediction markets has been fueled by the adoption of smart contracts and stablecoins. Hoolie Tejwani, head of Coinbase Ventures, described this sector as a “killer on-chain use case.”
| Metric | Recent Value | Timeframe |
|---|---|---|
| Tokenized-equity transfer volume | $1.45 billion | Past 30 days |
| Volume growth | 32% | Past 30 days |
| Coinbase user base | 105 million+ | – |
| Monthly active users (Coinbase) | – | 10.8 million |
| Annual trading volume (Coinbase) | $1 trillion | Last year |
Market Uncertainties
Although Coinbase holds a significant position as the largest U.S. crypto exchange, questions remain regarding the scope of its product offerings, including whether it will introduce sports event contracts – a category already available through some competitors.
- Author
Daniel Williams
