Coinbase Promises New Products In December, A Prediction Market Appears To Be One Of Them

Cryptocurrency speech Coinbase (NASDAQ:COIN) has teased a motorboat of caller products alongside a showcase event.

“Here we go!” Coinbase CEO Brian Armstrong said connected Nov. 18 connected X. “Our archetypal merchandise showcase lawsuit is happening connected Dec. 17. We’ve built a batch of chill caller products – excited to amusement them to you adjacent month.”

One merchandise Coinbase whitethorn beryllium looking to motorboat is simply a prediction marketplace powered by Kalshi, according to app researcher Jane Manchun Wong, who is known for uncovering unreleased features.

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It would beryllium the 2nd clip Coinbase and Kalshi person partnered. Coinbase earlier this period said Kalshi had chosen it arsenic a custody partner.

Wong besides said Coinbase could besides beryllium acceptable to motorboat a banal trading merchandise and an AI adjunct called “Genie.” The banal trading diagnostic would enactment Coinbase successful amended contention with companies similar Roibnhood (NASDAQ:HOOD) and Kraken.

“Tune successful to the livestream connected Dec. 17 to find retired what caller products we are shipping,” a Coinbase spokesperson told Benzinga successful effect to a petition for comment.

Kalshi declined to comment.

For users who person been pursuing Coinbase’s messaging intimately this year, nary of the leaked products should travel arsenic a surprise.

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“We’re gathering an speech for everything,” Coinbase Vice President of Product Max Branzburg told CNBC successful July. “Everything you privation to trade, successful a one-stop shop, on-chain. … We’re bringing each assets on-chain — stocks, prediction markets, and more. We’re gathering the foundations for a faster, much accessible, much planetary economy.”

Coinbase’s merchandise motorboat teaser besides comes astir a week aft it hired erstwhile Goldman Sachs (NYSE:GS) Partner Liz Martin arsenic vice president of product, overseeing its markets and derivatives divisions.

Coinbase said Martin would assistance the institution recognize its "everything exchange" imaginativeness by increasing its derivatives concern and overseeing its planetary markets team.

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