Coinbase, an American cryptocurrency exchange, announced yesterday, December 17th, a major expansion of its services. The main objective is to transform into a comprehensive financial platform. The move will allow the company to expand beyond trading, allowing users to manage digital assets and traditional finances under the same technology interface.
Brian Armstrong, CEO of the exchange, pointed out from the City of San Francisco: New service already includes access to hundreds of stocks and exchange traded funds (ETF) does not charge a fee per operation and plans to expand to thousands more in the coming months.
Users can now purchase fractional shares for as little as $1 using both USD and USDC stablecoins. This feature is initially available only to users in the United States. The system allows you to manage your crypto and stock portfolios in parallel, eliminating the need for external transfers between different brokerage accounts.
“We’re not just a trading platform, we’re building it to power your entire financial life,” Armstrong added.
The platform also integrates prediction markets in collaboration with Kalshi. Features already available. This allows operations to be based on the outcomes of real-world events such as economic indicators, political decisions, and sporting competitions.
“Prediction markets have given us access to information and markets that didn’t exist before,” said Max Brunzberg, Head of Consumer and Business Products at Coinbase. Contracts are settled directly in the user’s account, leveraging cryptocurrency infrastructure to ensure process agility.
Additionally, the exchange has introduced Coinbase Tokenize. Tools designed for real-world asset management (RWA). This upcoming institutional platform will allow companies to tokenize their stocks and other financial instruments to facilitate ongoing trading.
As explained on Criptopedia, the education section of CriptoNoticias, RWAs are tokens that represent tangible assets that exist outside the digital realm, such as works of art, real estate, raw materials, and goods. Through this institutional platform, companies will be able to digitize their stocks and other financial instruments.
(Tag Translation) Coinbase
