Crypto Biz: Exchanges place their bets on prediction markets

Growth of Prediction Markets in Crypto

Prediction markets are entering the mainstream of cryptocurrency, with Crypto.com's in-house market maker raising fairness concerns. In response, Coinbase is adopting a strategy to double down on growth, indicating that market participants expect these platforms to provide insights into future price trends.

Crypto.com's Strategy

Crypto.com is reportedly launching new services to allow customers to utilize prediction markets, aiming to increase user participation. This move is expected to enhance trading volume and liquidity. Recent reports suggest that such developments could improve market fairness.

Coinbase's Commitment to Growth

Conversely, Coinbase is introducing new features focused on prediction markets to boost engagement on its platform. With the increasing user base of Coinbase's exchange, profitability is also anticipated to rise. Overall, prediction markets are expected to play a significant role in the future of cryptocurrency, drawing investors' attention and warranting continued observation.