Coinbase to Launch Prediction Markets and Tokenized Stocks on Dec. 17
Coinbase’s upcoming launch of a Kalshi-powered prediction market and tokenized stocks is drawing investor attention, with shares rising ahead of the December 17 event.
Summary
Coinbase shares rose 1.4% on Tuesday as investors anticipated its December 17 launch of prediction markets powered by Kalshi and a tokenized stock platform. These initiatives, reported by multiple media outlets, align with CEO Brian Armstrong’s vision of an “everything exchange.” Coinbase’s expansion strategy includes recent acquisitions such as Deribit and Spindl, amid competition from platforms like Robinhood and Kraken. The stock’s recent uptick comes after a 39% decline since October, alongside a broader crypto market downturn of over 30%.
Terms & Concepts
- Prediction Markets: Platforms where participants trade on the outcome of future events, with prices reflecting perceived probabilities.
- Tokenized Stocks: Digital representations of equity shares issued on a blockchain, enabling fractional ownership and on-chain trading.