US EditionCoinbase Increases Bitcoin Holdings, Plans Tokenized Stocks In U.S.
UNITED STATES, JUL 31 – Coinbase aims to boost user engagement by offering tokenized stocks and prediction markets, leveraging new pro-crypto policies from Washington, with a phased rollout starting in the U.S.
- On Thursday, Coinbase announced it will launch tokenized stocks and prediction markets for US users in the coming months with testing first available.
- Pro-Crypto policies in Washington and the SEC’s Project Crypto initiative have driven increased tokenization this year, prompting Coinbase’s plans to launch new services for US users.
- Supporting its expansion, Coinbase plans to leverage blockchain infrastructure for fractional shares with near-instant settlement and on-chain prediction markets.
- This expansion places Coinbase against Robinhood, Gemini, and Kraken as it plans to launch tokenized stocks and prediction markets for US users.
- Forecasts suggest McKinsey estimates tokenized assets could reach a $2 trillion market cap by 2030, making the concept potentially transformative for investors beyond crypto.
12 Articles
12 Articles
Coinbase Expands Into Tokenized Stocks and Prediction Markets
Crypto exchange Coinbase plans to introduce both tokenized stocks and onchain prediction markets, as the firm looks to become an “everything exchange.” The firm plans to roll out the new offerings to U.S. users first, followed by a gradual international rollout, Max Branzburg, vice president of product at Coinbase, told CNBC on Thursday. CEO Brian Armstrong also elaborated on those plans during Coinbase’s Q2 earnings call, after the company miss…
"Tokenized" Shares May Be the Next Big Move by These Major Cryptocurrency Trading Platforms @themotleyfool #stocks $HOOD $SOL
Key PointsRobinhood's tokenized share launch for European customers could be the tip of the iceberg.Tokenized shares may soon be available in the U.S.The tokenization of shares could shake up the whole investment world, but there are some regulatory issues to solve first.10 stocks we like better than Robinhood Markets › One of the much-vaunted uses of blockchain technology is the way it can store ownership records for real-world assets in a secu…
Coinbase Increases Bitcoin Holdings, Plans Tokenized Stocks In U.S.
Coinbase (COIN) said it is increasing its bitcoin (BTC) holdings and that it plans to launch tokenized U.S. stocks and prediction markets in the coming months, marking a significant expansion of its business as it seeks to diversify its revenue stream.In a post on X on Thursday, Coinbase CEO Brian Armstrong said, “Coinbase is long bitcoin. Our holding increased by 2,509 BTC in Q2, and we keep buying more."The news about Coinbase buying bitcoin i…
Coinbase Adds Bitcoin, Eyes Tokenized Stocks And Prediction Markets - FinanceFeeds
Coinbase added 2,509 bitcoin to its balance sheet in the second quarter and says it’s not done buying. The crypto exchange is also preparing to roll out tokenized U.S. equities and on-chain prediction markets, as it broadens its offerings beyond trading fees. “We’re long bitcoin,” CEO Brian Armstrong posted on X Thursday. “Our holdings rose by 2,509 BTC in Q2, and we’re still accumulating.” While Coinbase made similar moves before, it distanced …
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