Coinbase plans to expand its business by increasing its bitcoin holdings and launching tokenized U.S. stocks and prediction markets. The company’s CEO confirmed the increase in BTC holdings, emphasizing Coinbase’s focus on being a crypto operating company rather than a BTC treasury company.

Coinbase is preparing to offer tokenized versions of U.S. equities, allowing users to trade digital representations of shares on blockchain infrastructure. Seeking approval from the SEC, the move aligns with a broader trend of financial institutions exploring tokenization to enhance market efficiency.

The exchange aims to roll out prediction markets, enabling users to bet on future events using crypto assets alongside tokenized stocks. Coinbase’s vice president of product highlighted the goal of creating an all-encompassing exchange for various assets, emphasizing accessibility and global economic impact.

Coinbase reported second-quarter earnings below estimates, with a decrease in retail trading volume impacting results. Post-market trading saw a 6% decrease in company shares, reflecting investor response to the recent financial performance.

Read more at Yahoo Finance: Coinbase Increases Bitcoin Holdings, Plans Tokenized Stocks in U.S.