Coinbase, the largest US crypto exchange by trading volume, is days away from unveiling its push into prediction markets and tokenized stocks, according to Bloomberg.
Coinbase plans to announce next week that it will launch prediction markets and tokenized equities, Bloomberg reported on Thursday, citing anonymous sources familiar with the matter.
The exchange will hold a livestream on Wednesday to showcase new products, though the report said it hasnโt disclosed whether prediction markets and tokenized stocks will be among them.
The news comes nearly a month after tech researcher Jane Manchun Wong reported that Coinbase was preparing landing pages for tokenized equities and Kalshi-provided prediction markets. However, the company has yet to officially release the products.
Coinbase enters a prediction market coalition with Kalshi
Bloombergโs report came on the same day Coinbase became a member of the Coalition for Prediction Markets (CPM), a group of prediction market operators announced by Kalshi and Crypto.com.
โAt Coinbase, our mission is to deliver financial freedom to the world โ and prediction markets by nature democratize fact finding and the seeking of truth,โ Coinbaseโs chief policy officer Faryar Shizad said.
He also underscored the CPMโs ambition to engage with policymakers to ensure continued access to these markets for people in the US.
Founded in 2018 by MIT graduates Tarek Mansour and Luana Lopes Lara, Kalshi enables users to trade outcomes of real-world events just like financial assets.
The platform has emerged as a major prediction market operator alongside rivals such as Polymarket and Opinion, with weekly trading volumes of about $1 billion, according to Dunedata figures on Dune Analytics.
Coinbaseโs push into prediction markets comes amid a boom in the sector, with weekly trading volumes hitting a record last week near $4 billion, though some experts have questioned the accuracy of the reported figures.
Rival exchanges have been racing to roll out prediction markets, with Crypto.com in October announcing a dedicated platform set for integration with Trump Media.
Related: CFTC gives prediction markets leeway on data and record-keeping rules
On Wednesday, the Winklevoss twins-founded exchange Gemini scored approval from the Commodity Futures Trading Commission to offer prediction markets in the US.
Cointelegraph approached Coinbase for comment regarding its prediction markets and tokenized securities push, but had not received a response by publication.
