Catenaa, Wednesday, December 17, 2025- Coinbase Global plans to unveil prediction markets and tokenized equities on December 17, Bloomberg reported, citing a source familiar with the matter.

The exchange will launch its tokenized equities product in-house without external partners, while prediction markets will allow users to trade on outcomes of real-world events.

The moves reflect a broader trend of crypto platforms entering prediction markets, currently dominated by Kalshi and Polymarket, which together saw monthly trading volumes grow from $1.3 billion in August to $7.7 billion in November.

Other recent entries include Gemini, which gained Commodity Futures Trading Commission approval to launch an event contracts platform, and Crypto.com, which partnered with Fanatics to create a fan-driven prediction market.

Coinbase stock declined 2.2% to $269.02 on Thursday amid anticipation of the announcements.

The launches signal Coinbase’s intent to expand its product offerings beyond traditional spot and derivatives trading, entering sectors tied to real-world event speculation and tokenized securities.