Coinbase CEO Brian Armstrong Was Asked Whether COIN Plans To Launch Its Own Prediction Market Business—Here's What He Said

Benzinga and Yahoo Finance LLC whitethorn gain committee oregon gross connected immoderate items done the links below.

Coinbase Global Inc. (NASDAQ:COIN) CEO Brian Armstrong said Thursday that the institution has the quality to motorboat its ain prediction marketplace business, beyond serving arsenic a retail distributor for platforms similar Kalshi.

During the company’s net telephone for the 4th fourth of 2025, Armstrong was asked whether the cryptocurrency elephantine has plans to physique its ain prediction marketplace venue.

“It’s not an exclusive arrangement,” helium said, referring to the concern with Kalshi. “We besides person the quality to motorboat our ain markets. Nothing to denote connected that astatine the moment. But, you know, we’re keeping each options open.”

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Coinbase rolled retired the prediction marketplace work successful each 50 states past month, conscionable successful clip for Super Bowl LX.

Kalshi CEO Tarek Mansour revealed earlier this week that Super Bowl LX measurement surged 2,700% year-over-year, with implicit $1 cardinal wagered connected the game.

“So it’s aboriginal days, but truthful acold the involvement has been great. Super Bowl play was a truly large infinitesimal wherever a batch of customers got to acquisition it for the archetypal time,” Armstrong said.

Coinbase besides aired a karaoke-style advertisement during Super Bowl LX. However, the thought failed to link with viewers, trending arsenic the lowest-rated advertisement the greeting aft the marquee sporting event.

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Coinbase’s fourth-quarter gross came successful astatine $1.78 billion, beneath expert forecasts, though EPS of $0.66 exceeded expectations. For the afloat fiscal year, Coinbase saw full gross of $7.2 billion, up 9% year-over-year.

In different news, Coinbase encountered little downtime, preventing users from trading. The Coinbase Support squad aboriginal confirmed the contented was fixed.

Photo courtesy: Shutterstock

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