Coinbase plans to introduce prediction markets and tokenized equities, expanding its digital finance offerings. Screenshots of these features in the app have sparked trader speculation. The company will unveil the new products at a livestream event on Dec. 17, aiming to become a comprehensive platform for digital assets to compete with rivals.

Robinhood Markets and Kraken already offer prediction products and tokenized US stocks. Trading in tokenized equities, digital stocks on a blockchain, has seen a 32% increase in monthly transfer volumes to $1.45B. Prediction markets, where users bet on event outcomes, have also grown rapidly, attracting interest from traditional and crypto exchanges.

Gemini, founded by the Winklevoss twins, secured approval from the US Commodity Futures Trading Commission to launch its prediction platform, Gemini Titan, for American customers. The platform will offer event contracts structured as simple yes or no questions. This move reflects the increasing popularity and potential of prediction markets in the digital finance sector.

Read more at Yahoo Finance: Coinbase Plans Major Product Rollout Featuring Prediction Markets, Tokenized Stocks