Coinbase CEO says exchange to support pre-IPO stock derivatives

Coinbase (COIN) plans to support trading in perpetual futures, stock options, and stock token options for pre-IPO companies, CEO Brian Armstrong announced on X. He added that the company will overhaul its institutional platform, Coinbase Advanced, to reduce the gap between U.S. and global users. Coinbase has also begun integrating global liquidity with the derivatives exchange Deribit. Through its developer division, Coinbase Dev, the company will launch stablecoin payment features for businesses and a new developer dashboard. For its Layer 2 network, Base, Coinbase will introduce a privacy transaction feature and a web-based app. Armstrong also stated that Coinbase aims to become a bank account for AI, supporting connections between Coinbase accounts and AI agents, along with AI-based financial consulting.