Coinbase Global Inc., the largest cryptocurrency exchange in the US, announced that it will officially enter the prediction market and stock trading sector. The company said on Wednesday that the two services have begun the launch process and will be made available to all eligible users in the US within the next few weeks. “Today, Coinbase is an ideal platform for trading all types of assets, not just cryptocurrencies.” The company's CEO Brian Armstrong said at the product launch. This move is an important part of Coinbase's strategy to build an “all-purpose application” — the platform will provide traders with diversified asset and market choices while keeping up with the diversified layout of competing institutions. Coinbase mentioned during the press conference that users can use USD stablecoins to buy shares. Analysts at Deutsche Bank Research Institute stated in a report: “This strategy is expected to significantly broaden the company's target market, enrich the product and service matrix, and help ease the pricing pressure that retail cryptocurrency trading may face in the future.” Analysts also said that new services such as predicting the market are one of the key factors driving the company's growth.

Coinbase Global Inc., the largest cryptocurrency exchange in the US, announced that it will officially enter the prediction market and stock trading sector. The company said on Wednesday that the two services have begun the launch process and will be made available to all eligible users in the US within the next few weeks. “Today, Coinbase is an ideal platform for trading all types of assets, not just cryptocurrencies.” The company's CEO Brian Armstrong said at the product launch. This move is an important part of Coinbase's strategy to build an “all-purpose application” — the platform will provide traders with diversified asset and market choices while keeping up with the diversified layout of competing institutions. Coinbase mentioned during the press conference that users can use USD stablecoins to buy shares. Analysts at Deutsche Bank Research Institute stated in a report: “This strategy is expected to significantly broaden the company's target market, enrich the product and service matrix, and help ease the pricing pressure that retail cryptocurrency trading may face in the future.” Analysts also said that new services such as predicting the market are one of the key factors driving the company's growth.