PANews reported on December 12th, citing Bloomberg, that Coinbase Global Inc. plans to announce the launch of prediction markets and tokenized shares next week, with Coinbase officially launching these products at its product showcase on December 17th. The source also mentioned that Coinbase's tokenized shares will be launched internally, rather than through partners. Coinbase executives have previously expressed interest in these businesses but have not yet officially announced plans. For weeks, screenshots of apps hinting at these features have been circulating on the social network X. A Coinbase spokesperson declined to comment on the company's specific plans but stated, "Stay tuned for the live stream on December 17th to see what new products Coinbase will be launching." This move is part of the company's effort to become a "one-stop shop," aiming to provide traders with broad access to assets and markets and keep pace with competitors who are also diversifying.
Bloomberg: Coinbase plans to announce prediction markets and tokenized shares next week.
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