Coinbase has teased a “new era” for the crypto exchange, with “exciting product announcements” coming onDecember 17. A company representative pointed Decrypt towards the tease in
response to questions about leaks that appear to show the platform testing
prediction market and stock trading features.
Jane Manchun Wong, a self-defined “hackerturned builder and consultant,” posted screenshots onWednesday that appeared to show a Coinbase prediction market.
It appears that Coinbase’s predictionmarket platform will be offered through an integration with Kalshi—the
second-largest prediction market by trading volume, per Dune,behind Polymarket. Listed markets shown in the screenshots include, “Will Trump
release any of the Epstein files?”
Wong also postedscreenshots that suggest that Coinbase is exploring the possibility ofoffering common stock and ETF trading through its app. No specific stocks were
shown. She added that public access to the prediction market integration appearedto have been pulled following her social media share.
Wong told Decrypt that sheobtained these images by reverse-engineering the publicly available app code on
Coinbase’s website. Wong has made a name for herself by uncovering new features
and functionality from tech platforms and popular apps, such as breaking the
news on Facebook testing a dating feature and discovering Airbnb’s flight
integration feature.
Coinbase did not deny the leaks to Decrypt,but rather said, “Tune in to the livestream on Dec 17th to find out what new
products we are shipping.” The spokesperson also pointed Decrypt toa Tuesday X post teasing a “new era” for Coinbase to be ushered in via a
December 17 livestream with “exciting product announcements.”
Wong told Decrypt thatshe’s “looking forward [to] when the whole picture is unveiled on December 17.”
Earlier this month, Kalshi choseCoinbase Custody to safeguard its USDC stablecoins. A full integration of the
Kalshi prediction market would be a sizable step forward in this relationship.
Prediction markets allow users to predictthe outcomes of real-world events by putting money on the line. And they’re all
the rage right now, racking up billions of dollars in trading volume as more
and more platforms enter the space. Kalshi has generated $17 billion in total
volume to date, according to Dune,while Polymarket has processed $34.39 billion in volume.
As for stock trading in crypto, this hasbeen a feature that crypto has flirted with for years. In June, trading app
Robinhood launched tokenized stocks, including offering tokenized equity fora handful of private companies. Kraken and other platformsalso offer tokenized stocks, called xStocks, via networks like Solana and BNB Chain.