cryptoexchange Coinbase moves into Bitcoin treasury top ten, propelled by efforts towards tokenized stocks and prediction markets
In a significant move, Coinbase has announced its plans to launch tokenized U.S. stocks and prediction markets as part of its strategy to become a comprehensive on-chain "everything exchange" for American users. This development, which is currently in the works, was highlighted publicly in late July and early August 2025 through announcements and shareholder communications.
The prediction markets, set to cover a wide range of topics including elections and sports, are expected to bring new activity to the platform and support broader adoption. These markets will operate entirely on-chain for transparency and access, and Coinbase is actively planning to integrate them into its all-in-one exchange model.
The rollout of these prediction markets, however, depends on upcoming regulatory guidance. Coinbase is committed to investments and development in products and long-term asset policies despite a decline in revenue. In Q2 2025, the company reported a revenue of $1.5 billion, which missed analysts' estimates. The overall performance of Coinbase's retail division was worse due to slower trading volumes.
Despite the revenue decline, the income associated with stablecoins grew by 12% to $332 million in Q2 2025. This growth indicates a positive trend in the use of stablecoins on the platform.
Coinbase's plans for tokenized stocks, derivatives, and prediction markets mark a significant expansion of its product offerings beyond traditional cryptocurrency trading. While the exact launch date or regulatory status has not been detailed explicitly, the intention and commitment to these offerings have been clearly stated.
The company believes that these new offerings will contribute to its growth and continued success in the rapidly evolving digital asset market. As Coinbase accelerates efforts in this area alongside increasing its Bitcoin holdings, it remains to be seen how these developments will shape the future of the platform and the industry as a whole.
[1] Coinbase Press Release: [Link] [2] Coinbase Quarterly Shareholder Letter: [Link] [3] Coinbase Market Communications: [Link] [4] Coinbase Blog Post: [Link]
- Coinbase's plans to tokenize stocks, derivatives, and prediction markets, as part of its aim to become a comprehensive on-chain exchange, are anticipated to be a significant expansion of its ongoing business in the cryptocurrency finance sector.
- The prediction markets, covering various topics such as elections and sports, are predicted to drive new activity to the platform and support broader adoption, operating entirely on the blockchain for transparency.
- Although Coinbase experienced a decline in revenue during Q2 2025, the income associated with stablecoins witnessed a growth of 12% to $332 million, suggesting a positive trend in their usage on the platform.
