Bitcoin

Coinbase Unveils Prediction Markets and Tokenized Equities Roadmap at System Update 2025

Published

11 months ago

December 19, 2025

Coinbase has taken a major step toward becoming an “everything exchange” by announcing the rollout of prediction markets, stock trading, and a tokenization roadmap at its System Update 2025 event on December 17. The announcements, live-streamed from San Francisco, position the platform as a unified hub for traditional and digital assets, blending crypto with equities, derivatives, and event-based contracts.

CEO Brian Armstrong framed the expansion as “the future of finance on Coinbase,” starting with zero-commission stock trading for select U.S. users (rolling out in coming weeks) and prediction markets powered by Kalshi. Tokenized equities remain on the horizon, with Armstrong noting stocks as a “good first step” toward fully on-chain versions that could enable 24/7 global trading and democratized access.

Key Launches and Features

Stock Trading: Users can now trade hundreds of top U.S. stocks and ETFs commission-free during standard and extended hours (up to 24 hours/day, five days/week). Funding via USD or USDC, with plans to add thousands more tickers.
Prediction Markets: Powered by Kalshi at launch, allowing bets on real-world events (elections, sports, economic indicators) starting at $1. Additional providers to follow.
Tokenization Roadmap: Coinbase Tokenize for institutions to bring RWAs on-chain, with tokenized equities as the long-term goal for seamless global markets.
Base App Global Launch: Coinbase’s Layer-2 network Base now has a standalone “everything app” in 140+ countries, integrating on-chain finance and social features.

Additional rollouts include simplified futures/perpetual trading, primary token sales, and Coinbase Business for startups/small firms.

Market Context and Strategic Vision

Prediction markets have surged in popularity (Kalshi volumes up 5x YTD), while tokenized assets like Treasuries hit $15 billion TVL. Armstrong highlighted tokenization’s potential to “unlock new market structure,” including professional futures tied to equities.

For retail users, the super-app approach reduces fragmentation—no separate brokers needed. Institutions gain compliant tools via Coinbase’s regulated stack.

Challenges include regulatory navigation (tokenized equities face SEC scrutiny) and competition from Robinhood (sports parlays via Kalshi) and Kraken (non-U.S. tokenized stocks). Yet, with 105 million users and $1 trillion annual volume, Coinbase’s scale provides a unique edge.

This isn’t just expansion—it’s a declaration: Crypto rails can power all finance. As Armstrong said, “We’re building the platform where everything meets.”

Disclaimer

The content on CoinReporter.io is for informational purposes only and is not financial or investment advice. Cryptocurrency investments are highly volatile and risky. Always conduct your own research and consult a qualified financial advisor before making investment decisions. CoinReporter.io and its authors are not liable for any losses resulting from actions based on this website’s content.

Related Topics:Cryptocurrency DeFi Featured

Disclaimer

The content on CoinReporter.io is for informational purposes only and is not financial or investment advice. Cryptocurrency investments are highly volatile and risky. Always conduct your own research and consult a qualified financial advisor before making any investment decisions. CoinReporter.io and its authors are not liable for any losses resulting from actions based on this website’s content.

Bitcoin

Bitcoin Slides Toward Sixth Weekly Loss as $1.23 Billion in Liquidations Hit Longs

Published

1 day ago

November 14, 2026

Coin Reporter Correspondent

Bitcoin Slides Toward Sixth Weekly Loss as $1.23 Billion in Liquidations Hit Longs

Key takeaways

Bitcoin is on course for a sixth straight weekly decline and is down 21% so far in 2026, according to CoinDesk.
Crypto liquidations reached $1.23 billion in 24 hours, with long positions accounting for $1.02 billion, CoinGlass data showed.
A cooler-than-expected U.S. producer price reading on Friday did little to lift stocks or crypto ahead of the Fed’s Dec. 9 decision.

Bitcoin slipped below $68,000 on Saturday and is on course for its sixth consecutive weekly loss, CoinDesk reported. The drop has cost leveraged traders $1.23 billion in liquidations over 24 hours, most of it from bets on higher prices.

The losing run matches the streak seen in the first quarter, when bitcoin bottomed near $60,000. The record is nine weeks, set in 2022. Bitcoin is down 11% in November, 17% in the fourth quarter and 21% so far this year, according to CoinDesk.

Long positions made up $1.02 billion, or 82.7%, of the liquidations, CoinGlass data cited by BeInCrypto showed. Bitcoin accounted for $637.24 million and ether for $256.52 million. In all, 163,631 traders were liquidated, and the largest single order was a $17.81 million ether short on Binance.

About $1 billion of that total was wiped out in the first 12 hours of the window. Liquidations have eased since, with $233.07 million over the following 12 hours, BeInCrypto said. Bitcoin is now testing its 200-week simple moving average near $67,922, a level that held in July.

Cooler PPI Fails to Help

Friday’s U.S. inflation data brought little relief. The Producer Price Index rose 0.3% in October and 6.5% from a year earlier, both 0.1 percentage point below forecasts, Cointelegraph reported. The annual rise was still the largest since November 2022.

Traders trimmed bets on a half-point Federal Reserve hike. The odds of a 25-basis-point increase in December rose to 89.7% from 85.4%, while the odds of a 50-basis-point move fell to 10.3%, according to CME Group’s FedWatch tool. The S&P 500 was still down 1.2% after the open.

Other pressures remain. Investors are weighing Anthropic’s planned listing, which aims to raise up to $64.4 billion and has drawn orders for about six times the shares on offer, CoinDesk said, citing Bloomberg. Markets are also still digesting Jensen Huang’s exit as Nvidia CEO.

“This Weekly Candle looks set to do something similar. Which is testament to sell-side momentum still gaining and the bears being in control,” analyst Rekt Capital wrote on X, as quoted by Cointelegraph. He noted that after two earlier breakdowns this year, bitcoin fell to around $60,000.

The slide extends Friday’s move, when bitcoin first fell below $70,000. The Crypto Fear & Greed Index stood at 13, or “Extreme Fear,” on Saturday, according to Alternative.me.

As of 07:04 UTC on Nov. 14, bitcoin traded at $67,323, down 2.57% in 24 hours, with a market value of about $1.35 trillion, according to CoinGecko. Ether was at $1,903. Traders are now watching Sunday’s weekly close, MSCI’s Nov. 30 index changes and the Fed’s Dec. 9 decision.