Coinbase launches stock trading and prediction market services

Coinbase has launched a stock trading service, allowing users to trade hundreds of stocks on its app using U.S. dollars or USDC, CoinDesk reported. The company plans to add thousands of stocks and ETFs within the next few months. Additionally, Coinbase has introduced a prediction market based on Kalshi, with plans to launch the service in the U.S. market. These moves are part of a broader strategy to offer a comprehensive range of trading services, which also includes launching a DEX trading feature for Solana-based tokens, expanding derivatives support, introducing an AI-powered asset management tool, and increasing the number of countries supported by its Base network.