Coinbase is expanding beyond crypto, opening its platform to stock trading and event contracts tied to real-world outcomes.
The move comes as investment platforms are increasingly diversifying into different asset classes to encourage users to trade on a singular platform.
However, the current regularity environment introduces issues of uncertainty accompanying the expansion.
“Fragmented policies that vary by state ultimately harm consumers who need consistent, transparent rules,” a spokesperson for Coinbase said.
Although Robinhood, Interactive Brokers, and a wave of startups are active in event contracts, Coinbase says it remains on pace with the market.
“We aim to offer the greatest variety of contracts available on one platform,” said Max Branzburg, head of consumer and business products at Coinbase.
“We expect existing Coinbase customers will bring all of their assets under one roof, while we reach a new subset of consumers.”
Coinbase announced the expansion at its year-end conference, confirming a partnership with prediction markets platform Kalshi and new Solana integrations, with the potential for further collaborations.
