Coinbase Diversifies with Stock Trading, Event Contracts

Coinbase, a prominent cryptocurrency exchange, is venturing into traditional stock trading and event contracts, aiming to rival other investment platforms and reduce reliance on crypto trading. This move comes amidst regulatory uncertainty, with some state regulators questioning the legality of these contracts. Despite concerns, Coinbase, partnering with Kalshi, plans to offer tokenized stocks for round-the-clock trading, potentially tapping into a market valued at nearly two billion dollars and set to grow significantly by 2030.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.