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Coinbase app code reveals plans for integrated prediction markets and tokenized stock trading. Independent researcher Jane Manchun Wong uncovered this through reverse-engineering the app's code, which hints at a collaboration with Kalshi, a regulated prediction-market operator. The company has yet to confirm these features ahead of a livestream event on December 17.
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Coinbase is on the verge of rolling out new features within its app that could significantly change how users engage with financial markets. Independent researcher Jane Manchun Wong discovered code indicating that the app will soon support prediction markets and tokenized stock trading. These features align with Coinbase's "everything exchange" initiative, which aims to provide a unified platform for various asset types. Screenshots show tabs for "Stocks" and "Predictions," hinting at a more integrated trading experience.
The presence of fine print in one of the screenshots suggests a partnership with KalshiEX LLC, the only federally regulated prediction market operator in the U.S. This integration could enhance Coinbaseβs offerings, as it seeks to attract a broader user base interested in both cryptocurrency and traditional financial instruments. Max Branzburg, Coinbase's VP of product, had previously indicated plans for tokenized stocks and prediction markets in a CNBC interview, emphasizing the goal of bringing all assets onchain.
Coinbase has not confirmed the new features, merely directing users to a livestream event scheduled for December 17, where they will likely announce product updates. Meanwhile, platforms like Polymarket are already leading in the prediction market space, having established significant partnerships and preparing for a wider rollout in the U.S. The upcoming changes in Coinbase could intensify competition in the market as users look for innovative ways to trade and invest.
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