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.

Coinbase CEO Brian Armstrong is confronting Wall Street leaders like Jamie Dimon over the role of crypto in finance. Banks are wary of crypto exchanges offering payouts on stablecoins, which they see as a threat to their control over consumer deposits. The debate centers on the future of digital assets in traditional banking.