Coinbase adds stock trading and prediction markets

Coinbase has added stock trading, Kalshi-based prediction markets, and Solana-based DEX access as it evolves into an “app for everything.”

The US crypto exchange revealed the updates at its year-end conference, confirming a partnership with Kalshi’s prediction markets platform and new Solana integrations.

“This is a major milestone in our plan to enable 24/7 trading of stocks and ETFs from anywhere in the world, powered by crypto,” said Max Branzburg, Head of Consumer and Professional Products at Coinbase.

As part of the expansion, Coinbase will integrate with Solana DEX aggregator Jupiter, allowing users to trade Solana tokens directly in the app without leaving the platform.

Branzburg said these additions advance Coinbase’s broader goal of creating an “exchange for everything.”

The company laid the groundwork for this new super ecosystem in July, when it rebranded its wallet app as a “multipurpose app,” adding apps, social, and chat features.

The app everything. pic.twitter.com/4M5JTZSUoZ

– Coinbase 🛡️ (@coinbase) December 17, 2025

A booming prediction market space

The move to prediction markets with Kalshi comes amid intensifying competition in the space. Kalshi and its main rival Polymarket announced a series of strategic partnerships this year with companies including Google and the UFC.

Competitors have announced plans to launch or have launched their own prediction market offerings this year. Among them is digital trading platform Robinhood, which said prediction markets were among its fastest-growing businesses in 2025.

Gemini, the crypto exchange founded by the Winklevoss twins, has announced that it will soon launch its own prediction markets, as well as its own tout app.

Coinbase Receives “Buy” Rating from Deutsche Bank

Meanwhile, Deutsche Bank initiated coverage of Coinbase by giving the exchange a “buy” rating and a price target of $340, implying nearly 40% upside potential for the company’s shares.

Coinbase stock price (Source: Google Finance)

Coinbase shares closed down more than 3% at $244.19 yesterday, but are up 1.5% in the after-hours.

Yesterday’s decline was a continuation of the long-term downward trend in Coinbase’s stock price, which has fallen more than 17% over the past six months, in line with the broader crypto market pullback in the second half of the year.

Amid the exchange’s current share price struggles, Deutsche Bank said it is optimistic about Coinbase as its vision of creating an “everything exchange” moves from concept to execution. Upcoming product launches are expected to increase the exchange’s addressable markets over time, the bank said.

Deutsche Bank also highlighted Coinbase’s acquisition of crypto options exchange Deribit and the deployment of CFTC-regulated perpetual futures contracts in the United States as structural growth opportunities.

Another pillar the bank highlighted was stablecoins and subscription services. The bank said the increase in USDC balances on Coinbase’s platform, combined with the increased use of stablecoins for on-chain payments and activities, could lead to more recurring revenue for the exchange while reducing its reliance on volatile trading cycles.

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