Robo-advisers, Custom Stablecoins: 8 Things Coinbase Is Cooking Up

Coinbase shared a slate of new offerings at its System Update conference, including prediction markets, robo-advisers and custom stablecoins.

Coinbase's year-end “System Update” conference on Wednesday saw the company announce a slew of new offerings as it branches out from its crypto exchange roots.

In addition to introducing stock trading and prediction markets to its platform, Coinbase announced plans to expand into custom stablecoins, tokenization, and AI-powered investment advisers.

Here’s the top eight things you may have missed from Coinbase’s conference.

The headline feature, and the first thing Coinbase announced, was that it’s adding stock trading to its platform.

Coinbase head of consumer and business products, Max Branzburg, said the product was “a major milestone in our plan to enable 24/7 trading of stocks and ETFs from anywhere in the world, powered by crypto.”

Stock trading.Rolling out on Coinbase in the U.S. pic.twitter.com/tTcjpvVyXc

The product, rolling out from today in the US, now puts Coinbase in competition with the likes of Robinhood and eToro, which have offered stocks and crypto on the same platform for years. It’s also looking to get ahead of rivals Kraken and Gemini, which already offer tokenized stocks outside of the US.

Coinbase has also added prediction markets powered by Kalshi, offering betting on topics such as sports and politics.

The prediction markets will begin their rollout today and later come to the US, with Coinbase set to join a packed market that includes, or is set to include, Polymarket, Gemini, DraftKings, Robinhood and eToro, among others.

Source: CoinTelegraph