Coinbase Teases ‘New Period’ Amid Prediction Market, Inventory Buying and selling Leaks

Coinbase has teased a “new period” for the crypto alternate, with “thrilling product bulletins” approaching December 17. An organization consultant pointed Decrypt in the direction of the tease in response to questions on leaks that seem to indicate the platform testing prediction market and inventory buying and selling options.

Jane Manchun Wong, a self-defined “hacker turned builder and advisor,” posted screenshots on Wednesday that appeared to indicate a Coinbase prediction market.

It seems that Coinbase’s prediction market platform will probably be provided by means of an integration with Kalshi—the second-largest prediction market by buying and selling quantity, per Dune, behind Polymarket. Listed markets proven within the screenshots embody, “Will Trump launch any of the Epstein recordsdata?”

Wong additionally posted screenshots that counsel that Coinbase is exploring the potential for providing widespread inventory and ETF buying and selling by means of its app. No particular shares had been proven. She added that public entry to the prediction market integration appeared to have been pulled following her social media share.

Wong instructed Decrypt that she obtained these photographs by reverse-engineering the publicly accessible app code on Coinbase’s web site. Wong has made a reputation for herself by uncovering new options and performance from tech platforms and widespread apps, akin to breaking the information on Fb testing a relationship characteristic and discovering Airbnb’s flight integration characteristic.

Coinbase didn’t deny the leaks to Decrypt, however quite mentioned, “Tune in to the livestream on Dec seventeenth to search out out what new merchandise we’re transport.” The spokesperson additionally pointed Decrypt to a Tuesday X submit teasing a “new period” for Coinbase to be ushered in through a December 17 livestream with “thrilling product bulletins.”

Wong instructed Decrypt that she’s “trying ahead [to] when the entire image is unveiled on December 17.”

Earlier this month, Kalshi selected Coinbase Custody to safeguard its USDC stablecoins. A full integration of the Kalshi prediction market could be a large step ahead on this relationship.

Prediction markets enable customers to foretell the outcomes of real-world occasions by placing cash on the road. And so they’re all the fashion proper now, racking up billions of {dollars} in buying and selling quantity as increasingly platforms enter the house. Kalshi has generated $17 billion in complete quantity thus far, in keeping with Dune, whereas Polymarket has processed $34.39 billion in quantity.

As for inventory buying and selling in crypto, this has been a characteristic that crypto has flirted with for years. In June, buying and selling app Robinhood launched tokenized shares, together with providing tokenized fairness for a handful of personal corporations. Kraken and different platforms additionally supply tokenized shares, known as xStocks, through networks like Solana and BNB Chain.