Coinbase to Launch Prediction Markets and Tokenized Stocks on December 17

Coinbase is preparing for a major product expansion as it plans to officially launch prediction markets and tokenized stocks on December 17, signaling a strategic move to meet rising investor demand across emerging digital asset sectors. According to a Bloomberg report, the U.S.-based crypto exchange will unveil these offerings during a dedicated livestream event, marking one of its most ambitious rollouts to date.

The new products will include tokenized equities developed entirely in-house, setting Coinbase apart from competitors that typically rely on third-party infrastructure or partnerships. While the company has previously hinted at entering the tokenized stock and blockchain-based prediction market space, it has so far avoided formal confirmation. However, leaked screenshots circulating on social media suggest that user-facing designs for both prediction markets and digital stock trading are already in place.

A Coinbase spokesperson declined to verify specific details but encouraged users to “tune in to our Dec. 17 livestream to see the new products we’re launching,” further fueling speculation. The launch builds on Coinbase’s July statement outlining its ambition to offer tokenized stocks and decentralized prediction markets as part of a broader ecosystem designed to give traders access to a full suite of on-chain financial tools.

The timing of this move aligns with broader industry trends. Tokenized equities are seeing strong growth, with data from rwa.xyz showing monthly transfer volumes rising 32% to $1.45 billion. Coinbase has also been deepening its role in market infrastructure, including providing custody services for USDC used by prediction market platform Kalshi.

Meanwhile, competition in the prediction market sector is intensifying. Gemini recently secured CFTC approval to operate a regulated prediction market, while Robinhood announced a new futures and derivatives platform through a joint venture. Crypto.com has also partnered with Trump Media & Technology Group to support new prediction market services. These developments reflect a more favorable regulatory environment and growing institutional interest in a market estimated to be worth over $10 billion.

Prediction markets, which allow users to speculate on outcomes related to elections, sports, economics, and real-world events, have seen significant growth in 2024. Coinbase’s entry into this space could further accelerate adoption and reshape how traders access tokenized financial products.