Coinbase set to unveil prediction markets, tokenized stocks next

Coinbase Global is preparing to introduce prediction markets and tokenized stocks at a showcase event on December 17, according to unidentified sources cited by Bloomberg, positioning the company to enter two of the fastest-growing segments in digital finance.

The products would allow users to speculate on future events and trade blockchain-based representations of equity securities. Bloomberg reported that the tokenized equities will be issued internally rather than through external partners.

A Coinbase spokesperson declined to confirm details of the upcoming launch, saying only: “Tune in to the livestream on Dec. 17 to find out what new products Coinbase is shipping.”

Coinbase has previously signaled its interest in event contracts, describing prediction markets in a September blog post as a logical extension of digital-asset use cases. The company also deepened its industry ties last month through a USDC custodial partnership with Kalshi, the largest U.S. prediction market.

“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 firm said at the time.

The upcoming launch comes amid intensifying competition. Gemini this week won regulatory approval to offer yes/no prediction contracts, joining crypto-focused platforms such as Crypto.com and Robinhood in expanding into the sector. Robinhood earlier rolled out Kalshi-powered prediction markets, while Kraken and Robinhood offer tokenized U.S. stocks and ETFs outside the United States.

Tokenized-equity activity is rising, with monthly transfer volume up 32% in the past 30 days to $1.45 billion, according to tracker rwa.xyz. Prediction markets have also grown sharply, propelled by increased adoption of smart contracts and stablecoins. These factors make the category a “killer on-chain use case,” said Hoolie Tejwani, head of Coinbase Ventures.

As the largest U.S. crypto exchange, Coinbase has more than 105 million users, including 10.8 million monthly active users. The company processed $1 trillion in trading volume last year, much of it from institutional clients, a base analysts say could help deepen liquidity in prediction markets.

It remains unclear whether Coinbase plans to offer sports event contracts, a product some competitors already provide.