TLDR
- Coinbase will announce prediction markets and tokenized stock trading at a December 17 livestream event
- The exchange plans to build tokenized stocks in-house rather than using external partners
- Monthly trading volumes for tokenized equities have increased 32% to $1.45 billion in the past 30 days
- Gemini recently received CFTC approval to launch its prediction market platform Gemini Titan
- Robinhood, Crypto.com, and Kraken are also expanding into prediction markets and tokenized assets
Coinbase will unveil two new products at a livestream event on December 17. The exchange plans to introduce prediction markets and tokenized stock trading to its platform.
According to Bloomberg, Coinbase is expected to announce the launch of new features—including proprietary tokenized U.S. equities—at its December 17 event. Screenshots of the upcoming application have been circulating on X for weeks, though the company has not formally disclosed…
— Wu Blockchain (@WuBlockchain) December 12, 2025
Bloomberg reported the news on Friday, citing a source familiar with the matter. A Coinbase spokesperson declined to confirm specific details but invited people to watch the December 17 livestream.
The company first mentioned plans to enter these markets back in July. Screenshots showing early designs for both features have circulated on social media in recent weeks.
Coinbase will build its tokenized stocks internally. This approach differs from competitors who partner with outside companies for similar products.
The exchange has also expanded its role in settlement services. Kalshi recently selected Coinbase Custody to hold USDC for its trading operations.
Growing Market for Tokenized Assets
Trading activity in tokenized equities has picked up in recent months. Data from rwa.xyz shows monthly transfer volumes reached $1.45 billion, a 32% increase over the past 30 days.
Tokenized stocks are digital versions of traditional shares. They are recorded on blockchain networks and can be traded like other crypto assets.
Robinhood and Kraken already offer tokenized US stocks and ETFs. These products are available in select countries but not yet in the United States.
Competition Heats Up in Prediction Markets
Several crypto platforms are moving into prediction markets. These platforms let users bet on outcomes of elections, sports events, and economic data releases.
Gemini received approval from the CFTC on Wednesday to operate its prediction platform. The exchange will offer Gemini Titan to US customers with yes-or-no event contracts.
Robinhood launched prediction products through Kalshi earlier this year. The company also joined a deal to acquire 90% of regulated venue LedgerX with trading firm Susquehanna.
Crypto.com partnered with Trump Media & Technology Group to help build prediction market services. The current regulatory environment has made it easier for companies to enter this space.
The prediction market industry is valued at over $10 billion. More financial institutions are looking to capture market share as demand grows.
Coinbase’s December 17 event will reveal full details about both product launches. The exchange aims to expand its services beyond basic crypto trading.
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