Coinbase adds stock trading, prediction markets in ‘everything app’ push

Coinbase is pushing towards its goal of becoming an 'everything app' by adding features like stock trading and prediction markets. This move aims to provide users with a broader range of financial products beyond just cryptocurrency trading, enabling investors to access diverse investment opportunities. The introduction of stock trading capitalizes on Coinbase's existing customer base and represents a strategic advantage in the competitive fintech industry. The integration of prediction markets will allow users to predict outcomes of specific events, signifying a broader engagement approach. This strategy is expected to enhance Coinbase's competitiveness as it addresses user demands for a unified trading platform.