Coinbase launches stock trading and prediction markets in major platform update

Coinbase has launched stock trading and prediction markets as part of a significant platform update. The move signifies a shift from solely focusing on digital assets to integrating traditional financial instruments, aiming to create an 'Everything Exchange'. Users can enjoy commission-free stock trading and manage their equity portfolios alongside crypto assets, enhancing convenience especially for retail and active traders. Additionally, the introduction of prediction markets allows users to trade contracts based on real-world events. This expansion positions Coinbase competitively against traditional brokers, aiming to diversify its revenue stream. However, new traders must remain cautious of the inherent risks, despite the appeal of these new trading functionalities.