Coinbase acquired prediction markets startup The Clearing Company to diversify revenue beyond crypto trading volatility. Shares trade at 21.4x trailing P/E after falling over 40% from all-time highs. The expansion into asset tokenization and prediction markets aims to become an everything exchange.

With Bitcoin prices retreating, it may be too early to invest in crypto-related stocks. Coinbase’s push into prediction markets offers potential growth and revenue streams, especially during bear markets. The acquisition of The Clearing Company signals a major expansion opportunity for the firm.

As Coinbase evolves, it aims to be more than just a crypto exchange, potentially becoming a one-stop shop for various assets. The tokenization theme could attract retail investors looking for alternative assets. The firm’s execution and potential for growth make it a compelling investment amid market volatility.

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Read more at Yahoo Finance: Predictions Markets and Tokenization are 2 Massive Growth Drivers for Coinbase Stock. Why It’s Time to Buy.