A compliant platform launches prediction markets, stock trading, and Solana DeFi integration features

Source: CryptoNewsNet Original Title: Coinbase Unveils Prediction Markets, Stock Trading and Solana DeFi Integration Original Link: A compliance platform announced on Wednesday that its platform is expanding beyond digital assets, allowing US customers to access traditional stock trading services through a comprehensive update.

During the live event, the exchange detailed over a dozen new products and changes to existing ones, including prediction markets, decentralized finance on Solana, and an end-to-end platform for creating digital representations of real assets.

As a zero-commission broker, the platform stated it will support thousands of stocks and exchange-traded funds in the coming months, with these products trading five days a week. The company also plans to launch perpetual futures related to stocks outside the US next year.

This service model is similar to the offerings of a leading exchange and competitors like Robinhood, which the platform describes as “a significant milestone in tokenized stock trading.” The platform also plans to introduce services that enable institutions to tokenize assets.

In an interview, Scott Shapiro, the platform’s trading head, said the company aims to provide access to tokenized stock trading within this quarter. He noted that the platform’s stock products have been compatible with Circle’s USDC stablecoin from the start.

“There’s still a lot of work to do,” he explained, adding that the timetable for tokenization largely depends on guidance from the US Securities and Exchange Commission. “Government shutdowns obviously haven’t helped.”

Shapiro stated that the platform’s tokenization model will allow market participants to “pack and unpack” traditional stocks, which can move across various blockchains and applications, while “the underlying stocks remain securely held.”

Following Robinhood’s support for Kalshi-based prediction markets this summer, the platform said its entry into the space will also leverage Polymarket competitors. The company indicated plans to integrate more prediction market platforms in the future.

The company also announced it will enable US customers to trade perpetual futures, allowing traders to hold leveraged positions related to digital assets indefinitely. In July, the platform began offering perpetual futures-style trading for Bitcoin and Ethereum.

The company said customers can now trade any asset supported on Solana directly within its mobile app. This feature was mentioned in August when the platform first provided access to its Ethereum Layer 2 network assets.

“With millions of assets now available by default on Base and Solana in the main app, we will continue to expand to more networks over time,” the company’s blog post stated.

The platform emphasized that its app (which the company rebranded from its self-custody wallet) is available in 140 countries. The app allows users to profit from posts and play games, combining social elements with features familiar to crypto users.

The company said its “system update” also includes an AI-powered wealth management advisor to help clients build portfolios or digest news.

Finally, the exchange announced it will offer a service allowing companies to create custom stablecoins, enabling them to “put their brand at the forefront” of each transaction. This complements x402, an internet-standard stablecoin payment method used to power AI agent payments, the exchange added.

Analysts at investment bank Compass Point estimated this week that the platform could generate $230 million annually from prediction markets. However, analysts at Mizuho Securities warned that a significant portion of users might sell cryptocurrencies to fund their bets.

According to Yahoo Finance, the company’s stock traded at around $244 on Wednesday. The stock has declined about 2% so far this year as it continues to lay the groundwork for its future financial vision.