Coinbase is getting closer to launching its prediction market platform. The US-based company, the largest crypto exchange in the country, plans to offer prediction market products along with tokenised stocks issued in-house. This would expand its business beyond just crypto trading.

Although Coinbase has talked about prediction markets and tokenised securities before, it has not shared full details. Recently, screenshots on social media platform X appeared to show early versions of the new features in the app.

Competitive pressure drives product expansion

The lack of official confirmation has not slowed expectations for Coinbase. The company faces growing competition from traditional brokerages and other crypto platforms that are expanding beyond digital assets. Many rivals now offer services that let users trade different types of assets in one place.

This reflects a wider trend toward so called everything apps. These platforms keep users in a single interface while offering access to stocks, crypto, derivatives, and event based trading. By adding more products, Coinbase aims to stay competitive and keep its large user base.

Earlier this year, Robinhood Markets launched prediction market products through a partnership with Kalshi Inc. This let users trade contracts based on real world event outcomes and shows the growing interest in this type of trading.

Prediction markets and tokenised stocks explained

Prediction markets let users buy and sell contracts based on yes-or-no outcomes, like whether an event will happen. Prices change depending on market demand and often show the overall probability of an outcome. These markets attract regular traders and professional investors, but they have also raised regulatory concerns in several regions.

Tokenised equities work differently. They are regular shares that are issued or copied on blockchain systems. This setup allows faster settlement, easier global access, and trading outside normal market hours. These features have made tokenised stocks more popular, especially outside the United States.

Global growth and regulatory uncertainty

Outside the US, activity in tokenised equities is already growing quickly. Robinhood and crypto exchange Kraken have started offering tokenised US stocks and exchange-traded funds in markets outside the US, citing domestic regulatory limits as the reason.

Interest in tokenised equities has grown sharply in recent months. Bloomberg data from rwa.xyz showed monthly transfer volume rose 32 percent in the past 30 days, reaching $1.45 billion. This growth is pushing major exchanges to build their own products instead of relying on third-party providers.

By moving into prediction markets and blockchain-based equities, Coinbase is placing itself at the center of crypto, finance, and speculative trading. Rules are still unclear in some areas, but investor interest continues to rise. Experts expect Coinbase to keep expanding these services, even with some state-level resistance. This could change how users trade and manage multiple asset types in one platform.