Coinbase Stock Trading And Prediction Markets Launch
Coinbase stock trading expansion with a Kalshi tie and tokenization roadmap could shift retail order flow as it competes with brokerages.
KEY TAKEAWAYS
- Coinbase will add stock trading for U.S. customers and partner with Kalshi for prediction markets.
- The company unveiled a tokenization roadmap to bring traditional assets including equities on-chain.
- The moves frame an Everything Exchange strategy to integrate stocks and crypto and broaden revenue.
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Coinbase Global Inc. (COIN) said in its blog on Dec. 17, 2025, that it will add Coinbase stock trading for U.S. customers. The company also announced a partnership with Kalshi to offer prediction markets and unveiled a tokenization roadmap to bring traditional assets, including equities, on-chain.
Stock Trading, Prediction Markets, and Kalshi Partnership
Coinbase will expand beyond digital assets by introducing stock trading for U.S. users. It will enter prediction markets through a partnership with Kalshi, a regulated U.S. event-contracts exchange. This partnership enables Coinbase users to trade event contracts tied to real-world outcomes via an established, regulated marketplace rather than an unregulated platform.
News coverage framed these moves as a response to retail demand for integrated trading beyond cryptocurrencies. By combining stocks, crypto, and outcome-based trading in one app, Coinbase aims to compete more directly with retail brokerages that already offer stock and options trading.
Tokenization Roadmap and Platform Integration
The company described these changes as part of its “Everything Exchange” mission, unveiled during its System Update livestream. Coinbase said it is bringing more traditional assets on-chain, including equities, to allow customers to manage their entire portfolios within a single app.
The tokenization roadmap will integrate tokenized representations of traditional securities directly into Coinbase’s core platform rather than as separate products. This unified interface will combine spot crypto trading, derivatives, stablecoins, tokenized assets, and traditional securities.
Coverage framed this expansion as a strategic diversification, broadening Coinbase’s product set beyond crypto trading to compete with one-stop retail brokerages. The company said this integration simplifies portfolio management and diversification by allowing users to access both traditional and crypto assets in one place.
“The future of finance is on Coinbase… we’re bringing more traditional assets on-chain, including equities, so you can manage your entire portfolio in a single app,” the blog stated.
