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

Coinbase is accelerating its initiative to create an 'everything app' by introducing stock trading and prediction markets. This strategy aims to provide users with a broader array of financial products, enhancing the platform's competitiveness. The entry into the stock market is particularly noteworthy, allowing users to engage not just in crypto assets but also in traditional stock investments. The introduction of prediction markets creates an environment where users can forecast future events and explore investment opportunities based on such predictions. This diversification is crucial for differentiating from competitors, though specific details about stock trading rules, fees, and launch dates remain unannounced. The introduction of stock trading is likely to be an attractive option for many users, potentially increasing active user numbers. Such initiatives may also impact the overall cryptocurrency market.