Coinbase to soon unveil prediction markets powered by Kalshi, source says

Coinbase is set to unveil prediction markets powered by Kalshi, indicating a strategic move towards becoming an integrated exchange platform. This feature will allow traders to wager on the outcomes of specific events, enhancing user experience and potentially driving further growth in the cryptocurrency market. The partnership with Kalshi is seen as an innovative step for Coinbase, aimed at diversifying revenue streams beyond traditional trading. The announcement is anticipated to draw attention both from within the industry and beyond, especially concerning the impact of prediction markets on cryptocurrency trading and Coinbase's competitive positioning. Investors may look forward to gaining access to a wider array of trading opportunities. Observing market reactions and user adoption rates will be crucial in the coming weeks.