Key Takeaways
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(*17*)Coinbase will launch prediction markets and tokenized stocks on December 17.
(*17*)These new merchandise increase Coinbase’s choices past conventional digital belongings.
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Coinbase is set to launch prediction markets and its personal suite of tokenized equities subsequent week, Bloomberg reported on Thursday, citing an individual accustomed to the corporate’s plan.
The crypto change will introduce these new merchandise because it expands its buying and selling choices past conventional digital belongings. The prediction markets will enable customers to speculate on future occasions, whereas tokenized stocks will allow buying and selling of blockchain-based representations of fairness securities.
The merchandise, anticipated to debut on Dec. 17, would place Coinbase on the heart of two of the fastest-growing classes in on-chain finance.
Inner issuance of tokenized equities suggests Coinbase goals to management distribution and economics slightly than relying on white-label companions. Hints of the performance have surfaced in leaked UI screenshots on social media.
