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Coinbase is set to unveil prediction markets and tokenized equities on December 17. The launch will feature in-house developed tokenized stocks, making it a significant step for the largest US crypto exchange.
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Coinbase Global Inc. is set to announce the launch of prediction markets and tokenized equities next week. This move positions Coinbase, the largest cryptocurrency exchange in the U.S., to tap into two fast-growing segments of the financial market. The official unveiling will happen at an event on December 17, according to a source who requested anonymity due to the sensitivity of the information.
The tokenized stocks will be developed internally by Coinbase, rather than in collaboration with outside partners. This approach reflects a strategic decision to keep control over the product development process. The introduction of these offerings could significantly enhance Coinbase's platform, giving users new ways to engage with the market and expand their trading options.
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