Coinbase expands to "Everything Exchange", adding stocks and prediction markets
Coinbase is making significant strides to become a comprehensive exchange, adding stock trading, perpetual futures, novel cryptocurrencies, and prediction markets (starting with Kalshi). This move aims for greater competitiveness, leveraging favorable regulations under the new administration. At the same time, the CFTC leadership is set to leave their positions to join the crypto company MoonPay, indicating a talent shift from regulation to the industry. This is a positive long-term signal for adoption, although the short-term market remains weak due to ETF outflows and macro volatility.
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