Bloomberg: Coinbase plans to announce prediction markets and tokenized stocks next week

PANews reported on December 12 that according to Bloomberg, people familiar with the matter revealed that Coinbase Global Inc. plans to announce the launch of prediction markets and tokenized stocks next week. Coinbase will officially launch these products at a product demonstration event on December 17. The person also mentioned that Coinbase’s tokenized shares will be launched internally rather than through partners. Coinbase executives have previously expressed interest in getting involved in these businesses, but have yet to formally announce plans. Screenshots of the app hinting at these features have been circulating on social network X for weeks. A Coinbase spokesperson declined to comment on the company's specific plans, but said: "Please watch the live broadcast on December 17 to learn what new products Coinbase will launch." The move is part of the company's efforts to become a "one-stop application" to provide traders with access to a wide range of assets and markets and keep pace with competitors who are also diversifying.

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